Projects in Canada’s Construction Pipeline are Up 11% YOY
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.
About Lodging Econometrics (LE)
For over 25 years, Lodging Econometrics (LE) has been the industry-leading provider of global hotel intelligence and decision-maker contact information. LE custom-builds business development database programs for hotel franchise companies looking to accelerate their brand growth, hotel ownership and management companies seeking to expand their real estate portfolios, and lodging industry vendors wanting to increase their sales. To learn more about our business development programs contact us: +1 603.431.8740, ext 0025 or [email protected].
