5,684 New Hotel Rooms Expected to Open in Canada in 2013

According to data from the STR/McGraw Hill Construction Dodge Pipeline Report, 37 new properties comprising 4,324 rooms opened in Canada in 2012. This represents a 0.7% increase in existing supply over last year.

Among the Chain Scale segments, the Upper Midscale segment reported the most new rooms, opening 12 properties with 1,300 rooms, followed by the Upscale segment with seven properties and 1,291 rooms. The Luxury segment reported the largest increase (170.4%) in new rooms, compared with 2011, with three properties opening 722 rooms.

In 2013, there are 55 properties expected to open in Canada with 5,684 rooms. The Upper Midscale segment is expected to open the most rooms with 23 projects and 2,234 rooms, followed by the Upscale segment (16 properties with 2,295 rooms) and the Unaffiliated segment (9 properties with 545 rooms).