Hotel Renovation Projects in Canada Show Substantial YOY Increase at Q3 Close

Lodging Econometrics (LE) | November 8, 2022

November 8, 2022 – PORTSMOUTH, NH According to the recent Hotel Construction Pipeline Report for Canada by Lodging Econometrics (LE), LE analysts report that in the third quarter of 2022 the total construction pipeline in Canada stands at 263 projects/34,825 rooms, up 2% by projects and rooms year-over-year (YOY). At the Q3 close, projects presently under construction in Canada stand at 54 projects/6,984 rooms. Projects scheduled to start construction in the next 12 months are at 105 projects/14,270 rooms, a 24% increase by projects and a 37% increase in rooms YOY. Projects in the early planning stage show a slight 2% increase with 10...