Canadian Hotel-Construction Pipeline Hits All-Time High

PORTSMOUTH, N.H. — At the close of Q2 2019, the total
hotel-construction pipeline in Canada hit an all-time high with 273
projects/35,787 rooms, according to analysts at Lodging
Econometrics (LE). This represents a year-over-year increase in
projects of 14 per cent and a 20-per-cent increase in rooms in the
pipeline.

Currently, there are 92 projects/11,118 rooms under
construction. Projects scheduled to start construction in the next
12 months stand at 95 projects/11,097 rooms, with projects in the
early planning stage at 86 projects/13,572 rooms — both stages
hitting record high counts.

During the first half of 2019, 28 new hotels (3,213 rooms)
opened in Canada, with an additional 23 new hotels (2,579 rooms)
scheduled to open before yearend.

LE forecasts indicate 64 new hotels with 6,758 rooms expected to
open in 2020, with an additional 67 new hotels (7,428 rooms)
forecast for 2021. Should all these hotels come to fruition, 2021
will set an all-time-high for new hotel openings.

Ontario leads the country with the most projects in the
pipeline, with a record-high 140 projects/17,778 rooms. Next is
British Columbia, also at a record high, with 43 projects/5,877
rooms, followed by Alberta with 36 projects/5,667 rooms. Together,
the three provinces account for 82 per cent of the rooms in
Canada’s pipeline.

Toronto claims the title of top city, with 49 projects/7,000
rooms — a record high — claiming 20 per cent of all rooms in
Canada’s total construction pipeline. Following distantly are
Vancouver with 13 projects/1,536 rooms, Ottawa with 12
projects/1,868 rooms, Calgary with 12 projects/1,395 rooms and
Niagara Falls with 10 projects/2,445 rooms. These five cities
account for 40 per cent of the rooms in the total pipeline.

Three franchise companies make up 56 per cent of Canadian
pipeline projects, with 55 projects under Hilton Worldwide, 54
Marriott International projects and 45 InterContinental Hotels
Group projects across the country.

The post
Canadian Hotel-Construction Pipeline Hits All-Time High

appeared first on Hotelier Magazine.

Source: FS – All-Hotels-Blogs
Canadian Hotel-Construction Pipeline Hits All-Time High