According to the June 2011 STR/McGraw Hill
Construction Dodge Pipeline Report, the Canadian hotel development
pipeline comprises 191 projects totaling 21,353 rooms. This
represents a 4.1% decrease in the number of rooms in the total
active pipeline compared to June 2010.
"Hotel development in the active pipeline
remains virtually unchanged at the end of the second quarter
(21,353 rooms) versus the first quarter (20,715 rooms) in Canada,"
said Duane Vinson, VP, client services at STR. "When compared with
June 2010, there is a significant increase in rooms in Final
Planning. However, the decrease in rooms in the In Construction
phase and the earlier Planning phase is resulting in a net decline
of only 4.1%. The most profound jump we see in final planning is
in the Upscale brands (up 1,479 rooms) year-over-year and Upper
Midscale (up 2,534 rooms)."
"The majority of rooms under construction
continues to be in the Upscale segment with 1,731 rooms, or 33.1%
of all rooms in construction (compared to 34.5% at the end of
first-quarter 2011), followed closely by Independent or
non-affiliated hotels with 1,713 rooms, which makes up 32.7% of
all rooms under construction rooms (compared to 29.3% at the end
of first-quarter 2011)," Vinson added. "Both segments reported
minimal change in rooms under construction between the first and
second quarters."
Among the Chain Scale segments, two
reported increases in rooms in the total active pipeline: the
Upper Midscale segment (+23.6% with 5,094 rooms) and the
Unaffiliated segment (+18.2% with 9,501 rooms). Three segments
ended the month with a decrease in rooms in the total active
pipeline of more than 50%: the Luxury segment (-76.1% with 202
rooms); the Midscale segment (-74.0% with 472 rooms); and the
Economy segment (-59.7% with 364 rooms).
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June 2011
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