Overview
- Canada’s pipeline reached 333 projects and 44,659 rooms at Q3, up 2% by projects and 9% by rooms year over year, with upper midscale leading by chain scale.
- Projects scheduled to start in Canada within 12 months jumped to 103 projects and 13,969 rooms, rising 49% and 43% year over year, respectively.
- Ontario accounts for 194 projects and 27,083 rooms and Toronto leads cities with 71 projects and 11,533 rooms, while renovations and conversions rose to 118 projects and 16,088 rooms.
- Latin America’s pipeline climbed to 751 projects and 116,480 rooms, up 17% and 11% year over year, with record counts in luxury (143 projects) and upper-upscale (124 projects) segments.
- Mexico leads the region with 264 projects and 40,412 rooms, followed by Brazil (123/16,272) and the Dominican Republic (81/17,351), as LE forecasts 2025 openings reaching 80 hotels regionwide and Canada ending 2025 with 41 openings.