Halifax’s hotel market is undergoing a significant revitalization, driven by strong population growth, increasing capital investments, and several major infrastructure projects, according to a recent report by By Lea…
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 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…
According to the Q4 2024 Canada Construction Pipeline Trend Report by Lodging Econometrics (LE), Canada’s total construction pipeline has reached record-breaking counts of 333 projects/43,413 rooms, showing robust…
Tourism drove $8.8 billion into Toronto’s economy last year, the highest level of visitor spending ever recorded in the city, according to the year-end report Toronto’s Visitor Economy: 2024 Market Performance…
In September 2024, Canada welcomed 1.8 million overnight visitors, marking a slight decline of 3 per cent compared to September 2023, according to a new report from Destination Canada.
As 2024 progresses, the Canadian hotel industry is navigating a shifting economic landscape characterized by inflation, fluctuating interest rates, and moderated demand growth. Cushman & Wakefield’s latest report,…
Tourism and hospitality are at robust, near-pre-pandemic levels, while capital markets transaction activity remains muted. The following analysis comes to us from Avison Young’s Marie-France Benoit, principal, director…
Canada’s October hotel average daily rate (ADR) exceeded CAD200 for the first time on record, according to data from CoStar.
The Canadian hotel investment market has demonstrated notable resilience and optimism in 2024, despite a slowdown in transaction volume in the third quarter.
