Canadian Hotel Construction at All-Time High

Canadian hotel construction projects in the fourth quarter rose 13% from Q4 2023 to a record 333, representing 43,413 rooms. Projects under construction increased 15% from the comparable period in 2023 to 76, with 16% more rooms at 10,442. For the next 12 months 87 projects with 11,698 rooms are expected, a 2% and 19% rise, respectively, over Q4 2023. Construction in the early planning stage grew 19% to 170 projects with a record-setting 21,273 rooms. See Canadian Lodging Econometrics

Scroll to Top