Canada’s hotel construction pipeline remains strong at the end of Q1 2019

Published on : Friday, May 31, 2019

At the close of the first quarter of 2019, the total hotel construction pipeline in Canada remains strong with 264 projects totalling 33,023 rooms as per Lodging Econometrics (LE) report. Construction pipeline projects and rooms are both up by 11 per cent year-over-year (YOY).

 

 

 

The jump in early planning counts YOY is the result of a record number of new projects being announced into the pipeline during the fourth quarter of 2018, some 36 projects (5,380 rooms).

 

 

 

 

The top provinces in Canada with the most projects in the pipeline are Ontario with 139 projects (17,374 rooms), – a record-high. It was responsible for 52 per cent of the projects in Canada’s pipeline. Next is Alberta with 38 projects (5,821 rooms) and British Columbia with 37projects (4,068 rooms). Together the three provinces account for 81 per cent of Canada’s Pipeline.

 

 

 

 

The forecast for new hotel openings in 2019 calls for 51 new projects/5,578 rooms to open. In 2020, counts are expected to rise with 62 projects/7,005 rooms forecast to open. Should all these projects and rooms come online, this will be a record high for annualized new hotel openings in Canada.

 

 

 

 

A driving force of the pipeline’s double-digit growth is the surge in projects in the early planning stage with 80 projects (11,328 rooms), up 48 per cent and 53 per cent YOY, respectively. Currently, there are 93 projects (10,466 rooms) under construction and 91 projects (11,229 rooms) scheduled to start construction in the next 12 months, a record high.

 

 

 

The top brands in Canada’s pipeline are IHG’s Holiday Inn Express with 30 projects (3,109 rooms). Next is Hampton by Hilton with 28 projects (3,240 rooms) and TownePlace Suites by Marriott with 13 projects (1,336 rooms), both reaching record highs.

 

 

 

Other notable brands in the Canadian hotel construction pipeline are Courtyard by Marriott, at a record high, with 12 projects (1,796 rooms), Hyatt Place with 12 projects (1,786 rooms), and Best Western Plus with 12 projects (1,027 rooms).

 

 

 


(No Like Yet)

Related Posts

Tags: ,

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 WTM 2020
  • 02 WTM London 2020
  • 06 ITB Asia 2020
  • 06 SATTE-GenX-Virtual-Expo
  • 11 i-meet-hotel
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. ITE Hong Kong 2020

      August 7 - August 9
    2. Hotel Investment Conference Australia New Zealand

      August 12 - August 14
    3. DRT SHOW BEIJING

      August 14 - August 16
    4. IBTM AMERICAS 2020

      August 26 - August 27
    5. UITT

      September 1 - September 3
Get our toolbar!
Review www.travelandtourworld.com on alexa.com