STR reports Canada hotel pipeline for June 2012
Canada's hotel development pipeline comprises 196 projects totaling 20,506 rooms, according to the June 2012 STR/McGraw Hill Construction Dodge Pipeline Report. This represents a 4.0-percent decrease in the number of rooms in the total active pipeline compared to June 2011.
Among the Chain Scale segments, the Luxury segment experienced the largest increase in rooms in the active pipeline, jumping 252.0 percent to 711 rooms, followed by the Economy segment (+84.9 percent with 673 rooms) and the Upper Upscale segment (+79.4 percent with 452 rooms). The Unaffiliated segment (-20.8 percent with 7,523 rooms) and the Upscale segment (-16.3 percent with 5,050 rooms) ended the month with the largest decreases in rooms in the total active pipeline.
About STR/McGraw Hill Construction Dodge Pipeline Report:
The Pipeline Report is co-produced by McGraw Hill Construction Dodge, and the dedicated pipeline team at STR. Available as an annual subscription or a local Market Supply Report, the Pipeline Report is a comprehensive look at new hotel development and existing supply in the U.S. and Canada.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
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