The latest Hotel Construction Pipeline Trend Report for Canada from Lodging Econometrics (LE) reveals, at Q1 2024, there are 314 projects/39,628 rooms in the total pipeline. This new record-high in project counts represents an impressive 11% increase in project counts and a 5% increase in room numbers year-over-year (YOY).
According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, the country ended 2023 at 294 projects/38,396 rooms, a mere 11 projects short of the country's peak of 305 projects achieved in Q4 2019. Canada's pipeline is up 10% by projects and 7% by rooms, year-over-year (YOY).
In the Q3 2023 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), analysts report that the total construction pipeline in Canada stands at 275 projects/37,780 rooms, up 5% by projects and 8% by rooms year-over-year (YOY). In the third quarter, Canada had 22 new project announcements with 2,816 rooms.
As seen in the recently released Canada Construction Pipeline Trend Report from Lodging Econometrics (LE), the total construction pipeline in Canada continued to expand at the close of the second quarter with 275 projects/37,359 rooms, up 5% by projects and rooms year-over-year (YOY).
At the close of Q1 2023, the country’s hotel construction pipeline currently stands at 283 projects/37,683 rooms. Canada’s total construction pipeline increased 10% by projects and 5% by rooms year-over-year (YOY).
According to the Q4 2022 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), LE analysts report that Canada’s total construction pipeline stands at 267 projects/35,758 rooms, up 2% by projects and 1% by rooms year-over-year (YOY).
Hotel Renovation Projects in Canada Show Substantial YOY Increase at Q3 Close
As seen in the recently released Q2 2022 Canada Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter the total construction pipeline in Canada stands at 261 projects/35,662 rooms, up 3% by projects year-over-year (YOY) and up 7% by rooms YOY.
At Q1’22, the province of Ontario leads Canada’s construction pipeline with 151 projects/20,533 rooms, at a record-high and responsible for 59% of the projects in the country’s pipeline.
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).