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).
Finally -- Holiday Season is here! And with it, the warm feelings and the spirit of giving and the smiles and the family get-togethers and the relatives' fly-ins from all over the country and the first frost
According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.
Long winter got you down? Did your anticipation for Spring turn into suffering with hay fever or allergies from everything blooming? Are you ready for not only a change of pace, but also a change of place?
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.
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