Canada’s Hotel Development Pipeline in June 2014

According to the June 2014 STR Pipeline Report, Canada’s hotel development pipeline comprises 227 projects totaling 24,262 rooms, a 3.4% decrease in the number of rooms Under Contract compared with June 2013.

Among the Chain Scale segments, three segments reported increases in rooms Under Contract: the Upper Midscale segment (+12.1% with 7,459 rooms); the Economy segment (+5.8% with 1,041 rooms); and the Midscale segment (+1.6% with 947 rooms).

The Luxury segment reported the largest decrease in rooms Under Contract, falling 63.0% with 147 rooms.

The Economy segment jumped 129.6% in rooms under construction with 388 rooms, reporting the largest increase in that metric, followed by the Upper Midscale segment (+75.7% with 3,295 rooms) and the Midscale segment (+66.7% with 100 rooms).