Year-end 2022 results saw the industry register a RevPAR of $109, or a result comparable to the results of 2018 and 2019.
Horwath HTL Canada has released its Canada Hotel & Chains report for 2023. As we approach mid-year, and this on the heels of the many challenges the tourism sector faced as a result of the pandemic, the outlook for the Canadian hospitality industry certainly appears brighter, according to Horwatch’s analysts. Year-end 2022 results saw the industry register a RevPAR of $109, or a result comparable to the results of 2018 and 2019.
Looking forward to the ever-evolving needs of hotel consumers, analysts considered where the Canadian hotel industry is at with regards to independent and branded hotels coming out of the pandemic and heading into the future.
Drawing on its internal database, STR and other resources, Horwath HTL Canada presents the following overview compiling a sample of just over 7,100 Canadian hotels and close to 450,000 guest rooms. To present the data in a clear and structured manner, analysts classified it according to the chain scales as defined by STR.
The Ontario government has given the green light to Niagara Parks Commission (NPC) to redevelop the Toronto Power Generating Station (TPGS) into a five-star boutique hotel near the brink of Niagara Falls.
Mundi Hotel Enterprises Inc. has added a prominent property to its portfolio with the acquisition of the hotel component in Highline Metrotown, a mixed-use tower in Burnaby, British Columbia.
Taylor Swift’s Eras Tour kicked off its Canadian leg on November 14, 2024, at Toronto’s Rogers Centre, the first of six sold-out performances that will draw tens of thousands of fans nightly.
Kingston has a new crown jewel in its hospitality sector as the DoubleTree by Hilton and Home2 Suites by Hilton Kingston, along with the Ambassador Event Centre and the Cannery Kitchen & Social, officially opened…
