PORTSMOUTH, N.H. — At Q1’22, Canada’s hotel-construction pipeline currently stands at 258 tasks/35,768 rooms, as reported in the Lodging Econometrics (LE) Construction Pipeline Craze Report for Canada. Assignments continue to be unchanged year-around-year (YOY), but rooms are up by a single per cent.
At the shut of the first quarter, initiatives under development in Canada arrived in at 62 projects/8,114 rooms. Tasks scheduled to start off design in the upcoming 12 months stand at 91 projects/12,473 rooms, up 23 for every cent by projects and 50 per cent by rooms YOY. Initiatives in the early setting up stage stand at 105 assignments/15,181 rooms.
Ontario is leading Canada’s construction pipeline with 151 tasks/20,533 rooms and is responsible for 59 for each cent of the initiatives in the nation. Following powering is B.C. with 36 assignments/5,668 rooms and Alberta with 23 initiatives/3,365 rooms. Collectively, these provinces account for 81 for each cent of initiatives in Canada’s hotel-development pipeline.
Toronto leads the towns in Canada with most tasks in the pipeline, coming in at 64 assignments/9,312 rooms. Future is Montreal with 14 projects/2,066 rooms then Vancouver with 14 tasks/2,016 rooms, Niagara Falls with 11 initiatives/3,341 rooms and Ottawa with 10 projects/1,694 rooms. In whole, these 5 cities account of 44 per cent of the tasks and 52 for every cent of the rooms in Canada’s pipeline.
Major makes are Hampton by Hilton with 27 initiatives/3,016 rooms IHG’s Holiday break Inn Specific with 22 assignments/2,313 rooms and TownePlace Suites by Marriott with 16 tasks/1,728 rooms. Other notable models include things like Dwelling2Suites by Hilton, with record-large counts by assignments and rooms in Q1’22 of 16 projects/1,711 rooms Marriott’s Fairfield Inn with 16 tasks/1,533 rooms and Tru by Hilton with 13 assignments/1,282 rooms.
Canada had 36 new resorts with 3,922 rooms open up in 2021 at a expansion fee of 1.1 per cent. In 2022, LE is forecasting that Canada will open up 35 new lodge projects, accounting for 3,844 rooms for a advancement fee of 1.1 for each cent. In 2023, LE is forecasting a slight raise to 1.3 for each cent, with counts envisioned to increase with 40 new lodge jobs and 4,767 rooms by year-end.