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Canada Ends 2022 with Record Project Counts in the Early Planning Stage of the Hotel Construction Pipeline

February 1, 2023

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).

At year-end 2022, projects presently under construction in Canada stand at 52 projects/6,593 rooms. Projects scheduled to start construction in the next 12 months stand at 87 projects/12,098 rooms, a 2% increase in projects YOY and a 15% increase in rooms YOY. Projects in the early planning stage are at an all-time high with 128 projects/17,067 rooms, up 11% by projects YOY and 2% by rooms YOY.

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