Canada's Construction Pipeline Is on the Upswing
July 5, 2017 12:57pm
July 5, 2017 – PORTSMOUTH, NH
According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 214 Projects/28,299 Rooms, up 7% by projects Year-Over-Year (YOY).
There are 75 Projects/10,700 Rooms Under Construction, up 12% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 84 Projects/9,808 Rooms, up 29%, while projects in Early Planning at 55 Projects/7,791 Rooms are down 19%.
The top hotel companies in Canada’s Construction Pipeline are: Marriott International with 46 Projects/6,997 Rooms, Hilton Worldwide with 29 Projects/3,649 Rooms, and InterContinental Hotels Group (IHG) with 28 Projects/3,149 Rooms. The largest brands in the Pipeline for each of these companies are: Courtyard by Marriott with 12 Projects/1,733 Rooms, Hampton Inn with 8 Projects/825 Rooms and Holiday Inn Express with 18 Projects/1,935 Rooms.
Cities in Canada with the largest pipelines are: Toronto with 37 Projects/4,960 Rooms, Calgary with 18 Projects/2,808 Rooms and Montreal with 12 Projects/1,652 Rooms.
Tags: lodging econometrics,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
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