The construction pipeline in Canada is down 15% by projects and 12% by rooms, year-over-year (YOY)
Canada’s hotel construction pipeline
Posted inBusiness
Canada’s hotel construction pipeline shows signs of a slight decline in Q3 20
Projects scheduled to start construction in the next 12 months recorded 103 projects/12,037 rooms, down 18% by projects and 17% by rooms YOY, while projects in the early planning stage stand at 87 projects/13,478 rooms, up 10% by projects and similarly to projects under construction, did not have a percentage change by rooms YOY.