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
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