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STR reports Canada hotel pipeline for September 2014

October 17, 2014 Statistics & Trends No Comments Email Email

Canada’s hotel development pipeline comprises 211 projects totaling 23,370 rooms, according to the September 2014 STR Pipeline Report. 

This represents a 1.5-percent decrease in the number of rooms Under Contract compared with September 2013. The total rooms Under Contract include rooms in the In Construction, Final Planning and Planning stages but do not include rooms in the Unconfirmed stage.

Among the Chain Scale segments, the Midscale segment reported the largest increase in rooms Under Contract, rising 30.8 percent to 1,092 rooms, followed by the Upper Midscale segment with a 22.4-percent increase to 7,748 rooms. The Luxury segment (-63.0 percent to 147 rooms) and the Unaffiliated segment (-26.9 percent to 5,125 rooms) reported the largest decreases in rooms Under Contract.

Three segments reported increases in rooms In Construction of more than 25.0 percent: the Economy segment (+104.1 percent to 345 rooms); the Upper Midscale segment (+60.0 percent to 3,789 rooms); and the Upper Upscale segment (+25.5 percent to 1,418 rooms). The Midscale segment (-37.5 percent to 100 rooms) and the Unaffiliated segment (-29.2 percent to 422 rooms) recorded the largest decreases in rooms In Construction.

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