Intelligence
Canada hotels record first occupancy decline in three months
After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data.
News
avid hotel Toronto ‑ Vaughan Southwest celebrates $500k milestone
avid hotel Toronto - Vaughan Southwest celebrated its first $500k milestone in May.
Canada’s first avid hotel, Toronto - Vaughan Southwest is managed by LHM Canada Inc. and Punjab Insurance Agency.
The property is owned by PI Cap and is part of a pipeline of new avid hotels currently under development across Canada.
The new avid hotel in Vaughan will offer 119 rooms across six floors. Vaughan has long been recognized as one of the fastest-growing municipalities in Canada and is home to Canada’s Wonderland theme park which draws millions of visitors to the area each year.
Launched in 2017, avid hotels is one of IHG’s newer brands in the midscale, mainstream category.
