For the first time, Lodging Econometrics (LE) has compiled and announced its Forecast for New Hotel Openings for 2011 for Canada. New Hotel Openings are projected to be at a five-year low of 36 hotels/4,380 rooms. Because of continued economic uncertainty, LE has also adjusted its forecasts for 2009 and 2010 downward. The 2009 forecast has been reduced to 64 new hotels/7,463 rooms, down by 333 rooms, a decrease of 4%. The 2010 forecast has been adjusted to 43 projects/5,591 rooms, down 2,164 rooms or 28%
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http://www.hotelsmag.com/article/ca6675295.html
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