HENDERSONVILLE, Tennessee—The Canadian hotel development pipeline includes 202 projects comprising 21,538 rooms, according to the March 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 2.5-percent decrease in the number of rooms in the pipeline compared to February 2010 and a 16.5-percent decrease in the number of rooms in the pipeline compared to March 2009.
Among the provinces, Ontario reported the most rooms in the total active pipeline, ending the month with 10,105 rooms, followed by Alberta (4,179 rooms) and British Columbia (2,933 rooms).
Among the Chain Scale segments, the Unaffiliated segment reported the largest year-over-year increase in rooms in the total active pipeline, rising 21.0 percent to 8,653 rooms. The Economy segment was the only other segment to report an increase in rooms in the total active pipeline, increasing 9.1 percent to 658 rooms. The Upper Upscale segment ended the month with the largest decrease of rooms in the total active pipeline, falling 81.2 percent to 500 rooms, followed by the Midscale with Food and Beverage segment (-50.0 percent to 1,008 rooms) and the Luxury segment (-47.5 percent to 594 rooms).
Canadian pipeline by Chain Scale segment (number of rooms & percent change March 2010 vs. March 2009)
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
Total
% Change
|
|
Luxury
|
14,891
|
267
|
594
|
-47.5%
|
|
Upper Upscale
|
30,478
|
-
|
500
|
-81.2%
|
|
Upscale
|
26,246
|
1,783
|
5,941
|
-11.9%
|
|
Midscale w/ F&B
|
64,790
|
417
|
1,008
|
-50.0%
|
|
Midscale w/o F&B
|
28,989
|
1,381
|
4,184
|
-23.9%
|
|
Economy
|
33,145
|
-
|
658
|
+9.1%
|
|
Unaffiliated
|
232,592
|
825
|
8,653
|
+21.0%
|
|
Total
|
431,131
|
4,673
|
21,538
|
-16.5%
|
* 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 Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.str.com.
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