Canada's New Hotel Construction Pipeline down 16.5% from Last Year

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According to the March 2010 STR/TWR/Dodge Construction Pipeline Report released this week, the Canadian hotel development pipeline comprises 202 projects totaling 21,538 rooms.

This represents a 2.5-percent decrease in the number of rooms in the pipeline compared to February 2010 and a 16.5-percent decrease in the number of rooms in the pipeline compared to March 2009.

Among the provinces, Ontario reported the most rooms in the total active pipeline, ending the month with 10,105 rooms, followed by Alberta (4,179 rooms) and British Columbia (2,933 rooms).

Among the Chain Scale segments, the unaffiliated segment reported the largest year-over-year increase in rooms in the total active pipeline, rising 21.0 percent to 8,653 rooms. The Economy segment was the only other segment to report an increase in rooms in the total active pipeline, increasing 9.1 percent to 658 rooms. The Upper Upscale segment ended the month with the largest decrease of rooms in the total active pipeline, falling 81.2 percent to 500 rooms, followed by the Midscale with Food and Beverage segment (-50.0 percent to 1,008 rooms) and the Luxury segment (-47.5 percent to 594 rooms).

Canadian pipeline by Chain Scale segment (number of rooms & percent change March 2010 vs. March 2009)   

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