Projects in Canada's Construction Pipeline are Up 11% YOY
November 20, 2017 11:00am
November 20, 2017 – PORTSMOUTH, NH – According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 228 Projects/30,875 Rooms, up 11% by projects Year-Over-Year (YOY).
There are 80 Projects/11,076 Rooms Under Construction, up 13% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 87 Projects/10,215 Rooms, up 26%, while those in Early Planning are at 61 Projects/9,584 Rooms, down 8%.
The top hotel companies in Canada’s Construction Pipeline by projects are: Marriott with 47 Projects/7,121 Rooms, InterContinental Hotels Group (IHG) with 35 Projects/3,644 Rooms, and Hilton with 32 Projects/3,705 Rooms. The largest brands in the Pipeline for each of these companies are: Courtyard by Marriott with 10 Projects/1,468 Rooms, IHG’s Holiday Inn Express with 23 Projects/2,402 Rooms and Hilton’s Hampton Inn & Suites with 10 Projects/1,058 Rooms.
Cities in Canada with the largest pipelines are: Toronto with 31 Projects/4,492 Rooms, Calgary with 14 Projects/2,206 Rooms and Edmonton with 12 Projects/1,825 Rooms.
Tags: lodging econometrics,
canada construction pipeline
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
North America, Asia Pacific and EMEA Lead World Regions in Global Hotel Construction Pipeline
Global Hotel Construction Pipeline Up 8% YOY with 12,427 Projects
Shanghai Leads China's Construction Pipeline Followed by Guangzhou, Chengdu and Beijing
Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY
Middle East Construction Pipeline Shows Growth with Projects Up 12% YOY
Europe's Hotel Construction Pipeline Up 22% Led by AccorHotels
Latin America’s Construction Pipeline is Stalling, Down 4% by Projects YOY
New Openings Growing Steadily as the Cycle Matures
Upper Midscale and Upscale Are the Largest Chain Scales in the U.S. Construction Pipeline Comprising 67%
Marriott, Hilton and IHG Comprise 68% of All Projects in Total U.S. Construction Pipeline
Marriott Has the Largest Construction Pipeline of Any Franchise Company in the U.S.
New York Leads U.S. Markets in Hotel Construction Pipeline Followed by Houston, Dallas, Nashville and Los Angeles
U.S. Hotel Construction Pipeline Shows Moderate Increases Up 4 Percent by Projects and Rooms YOY
The Americas Is the Top World Region and Market in the Global Construction Pipeline
Global Hotel Construction Pipeline Growing with Projects up 8% YOY
Hotel Construction Pipeline in the Middle East Is Growing with Projects Up 13% YOY
The Europe Hotel Construction Pipeline Is up 25% With 1,186 Projects in the Total Pipeline
Latin America's Construction Pipeline Is Stalling
China's Construction Pipeline Remains Strong Up 7% YOY with Shanghai Leading the Way
Extended-Stay Hotels Set for Substantial Growth According to U.S. Hotel Construction Pipeline
Please login or register to post a comment.