Canada’s Hotel Construction Pipeline Shows Signs of a Slight Decline in Q320

Lodging Econometrics | October 30, 2020

October 30, 2020 – PORTSMOUTH, NH - According to analysts at Lodging Econometrics (LE), Canada’s hotel construction pipeline declined slightly at the close of Q3’20 to end the quarter at 277 projects/35,836 rooms. The construction pipeline in Canada is down 4% by projects and 7% by rooms, year-over-year (YOY). Projects under construction stand at 87 projects/10,321 rooms, up 2% by projects with no percentage change by rooms YOY. Projects scheduled to start construction in the next 12 months recorded 103 projects/12,037 rooms, down 18% by projects and 17% by rooms YOY, while projects in the early planning stage stand at 87 projects/1...