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...