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 good to be a vacation rental home landlord in Florida it seems. Based upon a new report by the University of Central Florida's Rosen College of Hospitality Management, the annual economic impact of Florida's vacation home rental industry now exceeds $27 billion.
According to new data by CBRE, the short-term rental industry will expand to roughly 650,000 actively rented units in the U.S. this year, equal to 12.2 percent of the country's hotel-room supply, as the fast-growing sector further expands in suburban, rural and resort markets.
That beautiful song - "It's the Most Wonderful Time of the Year" - is very, very true! Most people are in good cheer at this time of year. Our homes and our fireplaces and our food and drink and our time with friends and family will all bring us wonderful memories in the future.