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).
It's been a looooong winter in some parts of the U.S. And it probably seemed to many folks as though winter would never end. But happily, along with greenery and flowers and leafy trees and cool breezes, Spring is about to be sprung.
Valentine's Day is one of the sweetest holidays of the year...both figuratively and literally It's the second-biggest candy holiday of the year, second only to Easter. And candy sales for Valentine's Day are approaching $3 billion