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STR: 3,377 New Hotel Rooms Opened in Canada in 2011

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According to data from the STR/McGraw Hill Construction Dodge Pipeline Report, 34 new properties comprising 3,377 rooms opened in Canada in 2011, representing a 1% increase in new supply over last year.

Among the Chain Scale segments, the Upper Midscale segment reported the most new rooms, opening 14 properties with 1,328, followed by the Upscale segment with six properties and 884 rooms.

The Economy segment reported the largest increase (135.8%) in new rooms, compared to 2010, with 6 properties opening with 408 rooms.

In 2012, there are 46 properties expected to open in Canada with 6,206 rooms.

The Upper Midscale segment is expected to open the most rooms with 19 projects and 2,051 rooms, followed by the Unaffiliated segment (12 properties with 1,767 rooms) and the Upscale segment (8 properties with 1,369 rooms).

In December 2011, the Canadian hotel development pipeline comprised 187 projects totalling 20,957 rooms. This represents a 4% decrease in the number of rooms in the total active pipeline compared to December 2010.

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