According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 237 Projects/29,881 Rooms, up 11% by projects Year-Over-Year (YOY).There are 90 Projects/11,811 Rooms Under Construction, up 20% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 93 Projects/10,658 Rooms, up 11%, while those in Early Planning are at 54 Projects/7,412 Rooms, down 2%.
The top hotel companies in Canada’s Construction Pipeline by projects are: Marriott with 54 Projects/7,718 Rooms, InterContinental Hotels Group (IHG) with 44 Projects/4,528 Rooms, and Hilton with 38 Projects/4,319 Rooms. The largest brands in the Pipeline for each of these companies are: Courtyard by Marriott with 11 Projects/1,596 Rooms, IHG’s Holiday Inn Express with 29 Projects/3,017 Rooms and Hilton’s Hampton Inn & Suites with 14 Projects/1,428 Rooms.
Cities in Canada with the largest pipelines are: Toronto with 34 Projects/4,915 Rooms, Calgary with 15 Projects/2,310 Rooms and Edmonton with 12 Projects/1,825 Rooms.
About Lodging Econometrics (LE): LE is the leading provider of global hotel intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable business development programs that turn business goals into opportunities that advance a company’s competitive advantage.