Q2 Canadian Hotel Construction Projects Expand

Canadian hotel construction projects in Q2 2023 rose 5% from 2022 to 275, representing 37,359 rooms. Projects planned for the next 12 months dropped 10% compared to Q2 2022, with 88 projects and 10,086 rooms anticipated. Construction in the “early planning stage” grew 30% to 135 projects representing 20,252 rooms. See Canadian Lodging Econometrics