According to the March 2012 STR/McGraw Hill
Construction Dodge Pipeline Report, Canada's hotel development
pipeline comprises 196 projects totaling 19,909 rooms.
This represents a 3.9% decrease in the number of
rooms in the total active pipeline compared to March 2011.
Among the Chain Scale segments, the
Luxury segment experienced the largest increase in rooms in the
total active pipeline, rising 255.5% to 711 rooms. The
Economy segment (+58% to 452 rooms) and the Upper
Midscale segment (+38.4% to 5,857 rooms) also reported
increases in rooms in the total active pipeline. The Midscale
segment ended the month with a 44.2% decrease in rooms in
the total active pipeline with 363 rooms.
"In a country with just over 14,000 luxury scale
rooms, three new projects totaling 711 rooms, makes a pretty big
splash," said Duane Vinson, VP of database content and integrity
at STR. "With 461 of those rooms under construction, that amount
of growth hasn't happened in the segment since 2004 with the
opening of the Four Seasons Whistler and W Hotel Montreal ... We're also seeing a significant push in the
Upper Midscale segment with rooms in the active pipeline amounting
to a 10% increase in supply. As more of those projects move
into later phases and potentially into construction, that will be
an area to watch."
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