STR Reports 4,324 New Rooms In Canada In ‘12

HENDERSONVILLE, Tennessee -- In 2012, 37 new properties comprising 4,324 rooms opened in Canada, according to data from the STR/McGraw Hill Construction Dodge Pipeline Report. This represents a 0.7-percent increase in existing supply over last year.

Among the Chain Scale segments, the Upper Midscale segment reported the most new rooms, opening 12 properties with 1,300 rooms, followed by the Upscale segment with seven properties and 1,291 rooms. The Luxury segment reported the largest increase (170.4 percent) in new rooms, compared with 2011, with three properties opening 722 rooms.

In 2013, there are 55 properties expected to open in Canada with 5,684 rooms. The Upper Midscale segment is expected to open the most rooms with 23 projects and 2,234 rooms, followed by the Upscale segment (16 properties with 2,295 rooms) and the Unaffiliated segment (nine properties with 545 rooms).

Properties and rooms opened in 2012 by Chain Scale segment

Chain Scale   Properties       Rooms
Segment        opened in   opened in
                    2012        2012
------------------------------------
Luxury                 3         722
Upper Upscale          0           0
Upscale                7       1,291
Upper Midscale        12       1,300
Midscale               4         284
Economy                8         541
Independent            3         186
Total                 37       4,324

Source: STR/McGraw Hill Construction 
        Dodge Pipeline Report

In December 2012, the Canadian hotel development pipeline comprised 205 projects totaling 22,444 rooms. This represents a 7.7-percent increase in the number of rooms in the total active pipeline compared with December 2011.

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 STR
STR () provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. STR also founded the Hotel Data Conference (), which will be held 3-4 August 2011 in Nashville, Tennessee.