HENDERSONVILLE, Tennessee—The Canadian hotel development pipeline comprises 214 projects totaling 22,363 rooms, according to the September 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents an 8.6-percent decrease in the number of rooms in the pipeline compared to September 2009.
“The Canadian hotel development pipeline’s rooms under construction has decreased by 11.6 percent versus September 2009,” said Lana Yoshii, VP of content management at STR. “With only a 1.1-percent increase in supply during this period, new development has had sluggish growth. There are no rooms in the active pipeline phases (In Construction, Final Planning and Planning) for the Upper Upscale chain scale. The Upscale chain scale is reporting the most number of rooms currently In Construction (1,973 rooms).”
Among the Chain Scale segments, three segments reported increases in rooms in the total active pipeline: the Economy segment (+26.6 percent to 957 rooms); the Midscale with Food and Beverage segment (+13.0 percent to 1,953 rooms); and the Unaffiliated segment (+5.7 percent to 9,025 rooms). The Upper Upscale segment fell 100 percent in rooms in the total active pipeline with 0 rooms, followed by the Luxury segment with a 41.1-percent decrease to 594 rooms.
Canadian pipeline by Chain Scale segment (number of rooms & percent change September 2010 vs. September 2009)
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
Total
% Change
|
|
Luxury
|
14,891
|
267
|
594
|
-41.1%
|
|
Upper Upscale
|
30,476
|
-
|
|
-100.0%
|
|
Upscale
|
27,741
|
1,973
|
5,704
|
-9.5%
|
|
Midscale w/ F&B
|
65,280
|
804
|
1,953
|
+13.0%
|
|
Midscale w/o F&B
|
30,222
|
980
|
4,130
|
-11.6%
|
|
Economy
|
32,456
|
158
|
957
|
+26.6%
|
|
Unaffiliated
|
231,195
|
1,768
|
9,025
|
+5.7%
|
|
Total
|
432,261
|
5,950
|
22,363
|
-8.6%
|
* 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 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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