Projects in Canada's Construction Pipeline are Up 11% YOY
PORTSMOUTH, NH. November 21, 2017 - According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 228 Projects/30,875 Rooms, up 11% by projects Year-Over-Year (YOY).
There are 80 Projects/11,076 Rooms Under Construction, up 13% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 87 Projects/10,215 Rooms, up 26%, while those in Early Planning are at 61 Projects/9,584 Rooms, down 8%.
The top hotel companies in Canada's Construction Pipeline by projects are: Marriott with 47 Projects/7,121 Rooms, InterContinental Hotels Group (IHG) with 35 Projects/3,644 Rooms, and Hilton with 32 Projects/3,705 Rooms. The largest brands in the Pipeline for each of these companies are: Courtyard by Marriott with 10 Projects/1,468 Rooms, IHG's Holiday Inn Express with 23 Projects/2,402 Rooms and Hilton's Hampton Inn & Suites with 10 Projects/1,058 Rooms.
Cities in Canada with the largest pipelines are: Toronto with 31 Projects/4,492 Rooms, Calgary with 14 Projects/2,206 Rooms and Edmonton with 12 Projects/1,825 Rooms.
About Lodging Econometrics
Lodging Econometrics (LE) is the lodging industry's leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients' business goals into timely opportunities.
Contact:
Emily Dennison
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Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
