HENDERSONVILLE, Tennessee—The Canadian hotel development pipeline includes 214 projects comprising 23,384 rooms, according to the December 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 0.9-percent decrease in the number of rooms in the pipeline compared to November 2009 and a 10.8-percent decrease in the number of rooms in the pipeline compared to December 2008.
Among the Chain Scale segments, the Unaffiliated segment reported the largest increase in rooms in the total active pipeline, rising 38.4 percent to 8,692 rooms. The Economy segment also reported an increase in rooms in the total active pipeline, up 25.4 percent to 756 rooms. The Upper-Upscale segment ended the month with the largest decrease, down 59.7 percent to 1,135 rooms in the total active pipeline, followed by the Midscale-without-Food-and-Beverage segment with a 31.3-percent decrease to 4,382 rooms.
Canadian pipeline by Chain Scale segment (number of rooms & percent change December 2009 vs. December 2008)
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
Total
% Change
|
|
Luxury
|
15,223
|
644
|
971
|
-3.0%
|
|
Upper Upscale
|
29,578
|
185
|
1,135
|
-59.7%
|
|
Upscale
|
25,844
|
2,380
|
5,779
|
-19.1%
|
|
Midscale w/ F&B
|
64,069
|
648
|
1,669
|
-16.7%
|
|
Midscale w/o F&B
|
28,587
|
1,677
|
4,382
|
-31.3%
|
|
Economy
|
33,506
|
125
|
756
|
+25.4%
|
|
Unaffiliated
|
232,130
|
1,061
|
8,692
|
+38.4%
|
|
Total
|
428,937
|
6,720
|
23,384
|
-10.8%
|
* 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 provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC and HotelNewsNow.com. For more information, please visit www.str.com.
Media contacts:
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jeff@str.com
+1 (615) 824-8664 ext. 3318
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spann@str.com
+1 (615) 824-8664 ext. 3305
