According to the June 2014 STR Pipeline Report, Canada's hotel development pipeline comprises 227 projects totaling 24,262 rooms. This represents a 3.4-percent decrease in the number of rooms under contract compared with June 2013.
Among the chain scale segments, three segments reported increases in rooms under contract: the upper midscale segment (+12.1 percent with 7,459 rooms); the economy segment (+5.8 percent with 1,041 rooms); and the midscale segment (+1.6 percent with 947 rooms). The luxury segment reported the largest decrease in rooms under contract, falling 63.0 percent with 147 rooms.
The economy segment jumped 129.6 percent in rooms under construction with 388 rooms, reporting the largest increase in that metric, followed by the upper midscale segment (+75.7 percent with 3,295 rooms) and the midscale segment (+66.7 percent with 100 rooms).
Well, the Holidays are over. The caroling is over. The end-of-year merrymaking is over. And so - perhaps mercifully to some - the Holiday gorging and sweet treats and restaurants and huge dinners at relatives' and friends' homes is over, as well.
Andy Williams, the great singer (and a number of other great singers, in their times), said it best. This truly is the Hap-Happiest Time of the Year! Christmas is a time for friends, family...and the friends who are more like family.
If March comes in like a lion and goes out like a lamb...then Autumn often comes in like a lamb and goes out like a lion. To me, though, Autumn is one of the sweetest parts of the year, when the foliage takes on a technicolor-glow, the temperatures are cool and refreshing.