Canadian News
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.