Date: May 2018
Location: Across Canada
What: Lodging Econometrics (LE) report…the total Construction Pipeline in Canada currently has 237 Projects/29,881 Rooms, up 11% by projects Year-Over-Year.
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.
THPT Comment: LE is a leading provider of global hotel intelligence, in North America. It is headed up by Patrick H Ford, Founder, Chairman and CEO.
Patrick has been honoured by the American Hotel & Lodging Association as one of the top 75 leaders in the lodging Industry. He is a member of the International Society of Hospitality Consultants (ISHC), is a Certified Commercial Investment Member (CCIM) of the National Association of Realtors, and a Certified Hotel Broker (CHB).