PORTSMOUTH, N.H. — A new report from Lodging Econometrics says Canada’s hotel construction pipeline should remain strong in 2020 following record counts in 2019.
The market with the most projects in the pipeline continues to be Toronto, at an all-time high, with 55 projects adding up to 7,608 rooms. Toronto has 18 per cent of all the projects in Canada’s construction pipeline. Next is Montreal, also setting record counts, with 18 projects and 2,406 rooms, then Vancouver with 14 projects and 1,853 rooms, Niagara Falls with 13 projects and 3,655 rooms, and Ottawa with 13 projects representing. 1,976 rooms.
Canada had 54 new hotels with 6,150 rooms open in 2019. In 2020, the country is forecast to have 60 new hotels with 6,208 rooms open, and 2021 is expected to climb to 67 new hotels with 7,218 rooms opening.
The top hotel companies in Canada’s construction pipeline are Marriott International, Hilton Worldwide and InterContinental Hotels Group.
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