Canadian News

Canada hotel construction reaches record high

At the close of the third quarter of 2019, analysts at Lodging Econometrics have reported that the total construction pipeline in Canada soared to an all-time high with 289 projects and 38,453 rooms. Construction pipeline projects are up 17 percent and rooms are up 28 percent year-over-year. Currently, there are 85 projects with 10,337 rooms under construction. Projects scheduled to start construction in the next 12 months have experienced a large 47 percent increase in both projects and rooms, year over year, standing at a record high of 125 projects/14,574 rooms.