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
The Americas, Asia Pacific and EMEA Are the Top World Regions in the Global Hotel Construction Pipeline
7% Year-Over-Year Growth in the Global Construction Pipeline
Construction Pipeline Growth in China and Its Major Cities Shows Marginal Growth Up 2% Year-Over-Year
Marriott, AccorHotels and IHG Top Asia Pacific Construction Pipeline, Excluding China
Asia Pacific's Top Countries and Cities for Hotel Construction Excluding China
The Asia Pacific Hotel Construction Pipeline Excluding China Continues Double Digit Increases Year-Over-Year
Top Countries & Cities in the Middle East and Africa Hotel Construction Pipelines Are Saudi Arabia, UAE and Qatar
Marriott, Hilton and AccorHotels Lead Construction Pipeline in the Middle East and Africa
The Middle East and Africa Hotel Construction Pipelines Continue to Grow
Germany Leads Europe's Hotel Construction Pipeline; London Ranks as Top City
Europe's Hotel Construction Pipeline Is Healthy and Continues to Rise
Latin America's Hotel Construction Pipeline Is Stalling; Down 8% by Projects YOY
2.5% Growth Rate of New Hotel Openings Expected in 2018 and 2019 in the United States
Extended-Stay Hotels Account for 27% of All Projects Under Construction in the United States
43% of All U.S. Hotel Construction Projects Are Upper Midscale
Total Construction Pipeline in Canada Up 11% by Projects YOY
Marriott Leads U.S. Construction Pipeline With 1,383 Projects Followed by Hilton and IHG
U.S. Markets With the Largest Construction Pipelines & Highest 2018 Growth Rates
The U.S. Construction Pipeline Showed Healthy Growth in the First Quarter
North America Tops Global Construction Pipeline With 6,226 Projects Followed by Asia Pacific and EMEA
Please login or register to post a comment.