HENDERSONVILLE, Tennessee-At the end of the first quarter of the calendar year, the Canadian hotel development pipeline includes 224 projects comprising of 25,793 rooms, according to the March 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 1.1-percent decrease in the number of rooms in the pipeline compared to February 2009 and a 3.6-percent increase in the number of rooms in the pipeline compared to March 2008.
The number of rooms in the total active pipeline experienced double-digit, year-over-year increases in four of the seven segments in the chain-scale segments. The Luxury segment increased 23.4 percent to 1,132 rooms total in the active pipeline. The Upper Upscale segment increased 24.5 percent to 2,654 total rooms in the active pipeline. The Midscale with Food and Beverage segment increased 74.0 percent to 2,015 and the Economy segment increased 22.8 percent to 603 total rooms in the active pipeline.
Canadian pipeline by chain-scale segment (number of rooms & percent change March 2009 vs. March 2008)
| Chain Scale |
Existing Supply |
% Change |
In Construction |
% Change |
Total Active Pipeline |
% Change |
| Luxury |
15,222 |
-1.2% |
682 |
+4.6% |
1,132 |
+23.4%
|
| Upper Upscale |
28,722 |
+5.9% |
1,384 |
+526.2% |
2,654 |
+24.5%
|
| Upscale |
24,813 |
+6.2% |
2,575 |
+41.8% |
6,741 |
-2.2%
|
| Midscale w/F&B |
63,138 |
+0.6% |
664 |
+709.8% |
2,015 |
+74.0%
|
| Midscale w/o F&B |
27,362 |
+7.5% |
1,791 |
-27.3% |
5,497 |
-7.5%
|
| Economy |
33,253 |
+1.5% |
153 |
+131.8% |
603 |
+22.8%
|
| Unaffiliated |
229,840 |
0.0% |
1,260 |
-43.4% |
7,151 |
-3.0% |
| Total |
422,350 |
+1.3% |
8,509 |
+13.0% |
25,793 |
+3.6%
|
* Includes those projects In Construction, Final Planning and Planning phases.
About STR/TWR/Dodge Construction Pipeline Report:
The Pipeline Report is co-produced by Torto Wheaton Research, Dodge Construction, and a dedicated pipeline team at STR. Available as an annual subscription or a local Market Supply Report, the Pipeline Report is a comprehensive look at new hotel development and existing supply in the U.S. and Canada.
About STR & STR Global:
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.strglobal.com.
Media contacts:
Jeff Higley
Director of Communications/Editorial Director, Digital Media
jeff@smithtravelresearch.com
+1 (615) 824-8664 ext. 3318
Rachael Spann
Communications Coordinator
spann@smithtravelresearch.com
+1 (615) 824-8664 ext. 3305
