Q4 Canadian Hotel Construction Projects Grow

Canadian hotel construction projects in Q4 2022 increased 2% from 2021 to 267, representing 35,758 rooms. Projects planned for the next 12 months rose 2% over Q4 2021, with 87 projects and 12,098 rooms anticipated. Construction in the “early planning stage” reached a record level, growing 11% to 128 projects representing 17,067 rooms. See Canadian Lodging Econometrics