In Canada, Lodging Econometrics Reports a 54% Increase in Projects Under Construction at Q2 2024

Lodging Econometrics ( | August 7, 2024

August 7, 2024 – PORTSMOUTH, NH The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of the quarter, there are 322 projects/40,297 rooms in the country’s total pipeline. These record-high project and room counts represent a 17% increase in projects and an 8% increase in rooms year-over-year (YOY). There continues to be a swell of projects under construction in Canada, up an impressive 54% by projects and 51% by rooms YOY, with 80 projects/10,603 rooms at the Q2 close. Projects scheduled to start construction in the next 12 months, at Q2, stand at 80 projects/9,249 rooms...