Canada hotels set annual record for ADR and RevPAR
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2024 data.
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2024 data.
Elie Sassine has joined W Toronto as general manager. He most recently comes from St. Regis Hotels & Resorts, Toronto. Before that, Sassine held senior roles at The Ritz-Carlton Hotel Company, Marriott…
Hilton has reported record expansion in 2024, adding 973 hotels and nearly 100,000 rooms—the largest single-year increase in the company’s history. The hospitality group reported a net unit growth of 7.3 per cent for…
In a move to alleviate the housing shortage, Montreal has announced that short-term rentals, including those on platforms like Airbnb, will be permitted only during the summer months.
CFO Capital has successfully arranged acquisition financing for the Home2 Suites by Hilton in Huntsville, Ontario—a 92-room extended-stay hotel.
Canada’s hotel investment market saw significant growth in 2024, with total transaction volume reaching $2.0 billion, a 16 per cent year-over-year increase, according to Colliers’ INNvestment Canada Hotel Report Q4…
By Troy Taylor, VP Strategic Partnerships and Marketing, Foodbuy CanadaThere is no question that we are facing an uncertain year ahead and the hospitality sector is adjusting to the new realities. In a recent podcast…
Banff's hospitality landscape has been evolving with the introduction of three distinctive hotels, each offering unique experiences for visitors to the Rockies, as reported by avenuecalgary.com and the Alberta Hotel and…
Fairmont Chateau Lake Louise is set to introduce BASIN Glacial Waters, a new thermal bathing facility designed to integrate seamlessly into its natural surroundings. Situated along the shores of Lake Louise, the…
Toronto’s waterfront is set for a major transformation with a $975-million investment from the federal, provincial, and municipal governments. The funding will accelerate the delivery of Waterfront Toronto’s…
