STR Reports Canada Hotel Pipeline for September 2013

According to the September 2013 STR Pipeline Report, Canada’s hotel development pipeline comprises 200 projects totaling 22,352 rooms.

This represents a 6.9% increase in the number of rooms in the total active pipeline compared with September 2012.

Among the Chain Scale segments, the Upscale segment reported the only double-digit increase in rooms in the total active pipeline, rising 26.7% with 6,969 rooms.

The Unaffiliated segment reported the largest decrease in rooms in the total active pipeline falling 6.6% with 7,013 rooms.

Three segments reported increases of more than 20% in the number of rooms under construction: the Midscale segment (+100.0% with 160 rooms); the Upscale segment (+32.5% with 3,457 rooms); and the Upper Midscale segment (+21.1% with 2,373 rooms). The Unaffiliated segment fell 73.7% with 596 rooms, reporting the largest decrease in rooms under construction.