Tuesday, January 28, 2025 Canada’s hotel construction sector hit record highs in 2024 with 333 projects and 43,413 rooms, marking a 13% year-on-year surge in growth and development. The latest Q4 2024 Canada Construction Pipeline Trend Report from Lodging Econometrics (LE) highlights remarkable growth in the hotel construction sector across the country. The total pipeline reached an all-time high of 333 projects, equivalent to 43,413 rooms, reflecting a 13% year-on-year rise in both metrics.
As of the end of 2024, 76 projects comprising 10,442 rooms were under construction—marking a 15% increase in project count and a 16% rise in room count compared to the previous year. Meanwhile, 87 projects (11,698 rooms) are slated to begin construction in 2025, showing a modest 2% growth in project count and a significant 19% increase in room count. Early-stage planning also witnessed substantial growth, closing the quarter with a record 170 projects (21,273 rooms)—a 19% rise in projects and a 9% increase in rooms year-over-year.
Upper midscale hotels dominate the pipeline, accounting for 132 projects (14,039 rooms), representing 40% of total projects and 32% of total rooms. The upper upscale segment follows with 62 projects (8,570 rooms), while upscale properties hit a new peak with 25 projects (5,591 rooms). Ontario led provincial development, setting a record with 200 projects (26,976 rooms), comprising 60% of Canada’s total pipeline.
British Columbia ranked second with 59 pro.