canada construction pipeline
Pipeline in Canada Is Up; Toronto and Vancouver With Impressive Pipelines at Q2 2023
Lodging Econometrics (LE) | August 7, 2023
August 7, 2023 – PORTSMOUTH, NH – As seen in the recently released Canada Construction Pipeline Trend Report from Lodging Econometrics (LE), the total construction pipeline in Canada continued to expand at the close of the second quarter with 275 projects/37,359 rooms, up 5% by projects and rooms year-over-year (YOY). Analysts at LE report that, at the Q2 close, projects presently under construction in Canada stand at 52 projects/7,021 rooms. Projects scheduled to start construction in the next 12 months are at 88 projects/10,086 rooms. Early planning has the most substantial shift in projects YOY, showing a 30% increase by projects a...
New Project Announcements and Record Early Planning Project Counts Fuel Canada’s Hotel Construction Pipeline
Lodging Econometrics (LE) | May 5, 2023
May 5, 2023 – PORTSMOUTH, NH As reported in the recently released Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), at the close of Q1 2023, the country’s hotel construction pipeline currently stands at 283 projects/37,683 rooms. Canada’s total construction pipeline increased 10% by projects and 5% by rooms year-over-year (YOY). Accelerated by the return of travel demand, new project announcements (NPAs) in Canada saw significant growth in the first quarter. NPAs surpassed totals for each of the previous five quarters, to stand at 27 projects/3,806 rooms at the Q1 close. As a result of the growing number of ...
At Q1’22, the Province of Ontario Leads Canada’s Hotel Construction Pipeline
Lodging Econometrics | April 29, 2022
April 29, 2022 – PORTSMOUTH, NH As reported in the Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, at Q1 2022, the country’s hotel construction pipeline currently stands at 258 projects/35,768 rooms. Construction pipeline projects remain unchanged year-over-year (YOY), while rooms are up by 1%. At the close of the first quarter, projects under construction in Canada stand at 62 projects/8,114 rooms. Projects scheduled to start construction in the next 12 months stand at 91 projects/12,473 rooms, a 23% increase by projects and 50% by rooms YOY, and projects in the early planning stage stand at 105 projects/15...
Canada’s Hotel Construction Pipeline Ends 2021 With 262 Projects and 35,325 Rooms
Lodging Econometrics | January 31, 2022
PORTSMOUTH, NH – January 31, 2022 – According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, analysts at LE state that Canada’s hotel construction pipeline ended 2021’s fourth quarter at 262 projects/35,325 rooms. The pipeline is down a mere 3% by projects and up 2% by rooms, year-over-year (YOY). At the close of 2021, projects under construction stand at 62 projects/8,100 rooms. Projects scheduled to start construction in the next 12 months stand at 85 projects/10,536 rooms and projects in the early planning stage are at an all-time high at Q4 with 115 projects/16,689 rooms, a 15% increa...
Canada’s Hotel Construction Pipeline Continues to Show a Slight Decline at Q3’21 Close
Lodging Econometrics | November 1, 2021
PORTSMOUTH, NH – November 1, 2021 – Analysts at Lodging Econometrics (LE) report that, in the third quarter of 2021, Canada’s hotel construction pipeline stands at 257 projects/34,167 rooms. Pipeline projects declined slightly at the close of Q3’21, down 7% by projects and 5% by rooms, year-over-year (YOY). Projects under construction stand at 70 projects/9,039 rooms, down 20% by projects and 12% by rooms YOY. Projects scheduled to start construction in the next 12 months stand at 85 projects/10,449 rooms, down 17% by projects and 13% by rooms YOY. Projects in the early planning stage show an increase in Q3, with 102 projects/14,67...
Canada’s Hotel Construction Pipeline Drops Slightly Year-Over-Year
Lodging Econometrics | August 4, 2021
PORTSMOUTH, NH – August 4, 2021 – At the close of the second quarter, analysts at Lodging Econometrics (LE) report that the total construction pipeline in Canada stands at 253 projects/33,240 rooms, down 43 projects or 15% by projects year-over-year (YOY). While several pandemic waves have slowed Canada's economic growth in the first half of 2021, the country’s finance department predicts the economy will pick up in the third quarter. As more Canadians become fully vaccinated, more regions have reopened or are considering reopening. Currently, about two-thirds of Canadians are fully or partially vaccinated. As restrictions continue e...
Canada’s Hotel Construction Pipeline Ends 2020 With 270 Projects and 34,768 Rooms
Lodging Econometrics | February 9, 2021
PORTSMOUTH, NH – February 9, 2021 – According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, analysts at LE state that Canada’s hotel construction pipeline ended the fourth quarter of 2020 at 270 projects/34,678 rooms, a mere 35 fewer projects than the region’s peak of 305 projects achieved in Q4’19. Projects under construction stand at 83 projects/9,836 rooms. Projects scheduled to start construction in the next 12 months recorded 87 projects/10,142 rooms, while projects in the early planning stage stand at 100 projects/14,700 rooms, up 12% by projects and 4% by rooms year-over-year (YOY...
Canada’s Hotel Construction Pipeline Ascends to a Record High With a 28% Increase in Rooms Year-Over-Year
Lodging Econometrics | November 13, 2019
November 13, 2019 – PORTSMOUTH, NH – At the close of the third quarter of 2019, analysts at Lodging Econometrics (LE) report that the total construction pipeline in Canada soared to an all-time high with 289 projects/38,453 rooms. Construction pipeline projects are up 17% and rooms are up a remarkable 28% year-over-year (YOY). Currently, there are 85 projects/10,337 rooms under construction. Projects scheduled to start construction in the next 12 months have experienced an extraordinary 47% increase in both projects and rooms, YOY, standing at a record high of 125 projects/14,574 rooms. Projects in the early planning stage stand at 79 ...
