Leveraging its innovation centers and neighborhoods, the city is rising in the ranks.
According to the third quarter construction pipeline trend report published by Lodging Econometrics (L.E.), the top five markets with the largest hotel construction pipelines by projects is led by Los Angeles with 161 projects/26,670 rooms.
The Baird/STR Hotel Stock Index increased 0.2% in October to 4,641. Year to date through the first 10 months of 2019, the index was up 14.0%.
Canadian hotel occupancy decreased 1.7% to 64.7% during the week of 3-9 November. ADR rose just 0.6% to 150.54 Canadian dollars ($113.51) and RevPAR fell 1.1% to CA$97.37 ($73.42).