The hotel industry is plowing onward. Thirty-seven new properties, comprised of 4,324 rooms, opened in Canada in 2012, according to the STR/McGraw Hill Construction Dodge Pipeline Report.
The ‘upper mid-scale’ segment reported the most new rooms, opening 12 properties with 1,300 rooms. Meanwhile, the ‘upscale’ segment opened seven properties (1,291 rooms) and the ‘luxury’ segment reporting the largest increase (170.4 per cent) in new rooms, when compared to 2011, with three properties opening 722 rooms.
Fifty-five properties are expected to open in Canada with 5,684 rooms in 2013 with the ‘upper mid-scale’ segment expecting to open the most rooms with 23 projects and 2,234 rooms.
According to the report, in December 2012 the Canadian hotel development pipeline comprised 205 projects (22,444 rooms), which represents a 7.7-per-cent increase in the number of rooms in the active pipeline, compared with December 2011.