Projects in Canada's Construction Pipeline Up 17% YOY
February 13, 2018 11:03am
February 13, 2018 – PORTSMOUTH, NH
According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 244 Projects/32,170 Rooms, up 17% by projects Year-Over-Year (YOY).
There are 87 Projects/11,286 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 91 Projects/10,536 Rooms, up 15%, while those in Early Planning are at 66 Projects/10,348 Rooms, up 18%.
The top hotel companies in Canada’s Construction Pipeline by projects are: Marriott with 54 Projects/7,764 Rooms, InterContinental Hotels Group (IHG) with 43 Projects/4,436 Rooms, and Hilton with 37 Projects/4,218 Rooms. The largest brands in the Pipeline for each of these companies are: Courtyard by Marriott with 110 Projects/1,597 Rooms, IHG’s Holiday Inn Express with 30 Projects/3,129 Rooms and Hilton’s Hampton Inn & Suites with 12 Projects/1,231 Rooms.
Cities in Canada with the largest pipelines are: Toronto with 36 Projects/5144 Rooms, Calgary with 14 Projects/2,221 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 Tops Global Construction Pipeline With 6,226 Projects Followed by Asia Pacific and EMEA
7% Year-Over-Year Growth in the Global Construction Pipeline With 12,631 Projects in Total Pipeline
Growth Remains Steady for China’s Construction Pipeline With Projects Up 6% YOY
Asia Pacific Pipeline Excluding China Is Booming With Projects Up 13% YOY
Europe Hotel Construction Pipeline Booming With 22% YOY Growth and Middle East Pipeline Up With 11% YOY Growth
Latin America's Construction Pipeline Stalling With Pojects Down 5% YOY
Mid-Market Brands Led Hotel Sales Volume in 2017
Orlando Tops 2017 Markets with 21 Hotels Sold and Average Selling Price Per Room of $96,402
Hotel Sales Volume Declines, Average Price Per Room Increases Moderately
Extended-Stay Hotels Account for 27% of All Projects Under Construction
2.5% Growth Rate of New Hotel Openings Expected in 2018 & 2019
Upper Midscale and Upscale Projects Lead the U.S. Construction Pipeline Comprising 67% of Total Pipeline
Marriott, Hilton and IHG Lead U.S. Construction Pipeline Comprising 69% of Total Pipeline
Marriott Boasts Largest Franchise in U.S. Construction Pipeline with 1,410 Projects Total
The Year-End U.S. Hotel Construction Pipeline Continues Its Upward Growth Trend, Projects Up 4% YOY
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
Please login or register to post a comment.