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LE Canada Construction Pipeline at 245 Projects/32,499 Rooms at Mid-Year

	September 4, 2008
Pipeline Highlights at Q2

The Construction Pipeline stands at 245 projects/32,499 rooms, a slight decline from the cyclical peak in Q1 2008. With 103 projects/17,181 rooms, the top 6 markets account for 42% of the total projects and 53% of all rooms in the Pipeline. 33% of Pipeline projects are already Under Construction and near certain to come online as New Supply. Nearly 80% of the projects in the Pipeline have already made branding decisions. Development is heaviest in Upscale, Midscale w/o Food & Beverage and Economy. The average project size is 133 rooms. LE has revised its Forecast for New Hotel Openings downward to a 3.4% gross growth rate in 2008 and 3.3% in 2009. To view the entire LE Lodging Construction Report for Canada, including graphics and the Forecast for New Hotel Openings, please click here.

Lodging Econometrics (LE) specializes in:

Development Pipeline Reports - Summaries & Individual Project Records

With Three-Year Forecasts for New Hotel Openings for every market, including: Toronto, Montreal, Vancouver, Calgary, Ottawa & Halifax

Contact Names for Owners & Management of Open & Operating Hotels (Census)

Essential for companies inquiring about acquisitions or adding to their asset management portfolio

Valuation Trend Summaries & Individual Sales Comp Records

Ideal for analyzing historic valuation trends and monitoring current hotel real estate transactions

To learn more about LE’s Reports for Canada and other countries worldwide, please contact LE’s Sales Representatives at 603-431-8740, ext. 25 or email: info@lodgingeconometrics.com.

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