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...