The Canadian hotel investment market has demonstrated notable resilience and optimism in 2024, despite a slowdown in transaction volume in the third quarter.
The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada's hotel development pipeline, with key indicators suggesting an expansion phase is underway. The total pipeline has reached a…
According to the Q3 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stands at 6,211 projects/722,821 rooms—up 9 per cent by projects and 7 per cent by rooms…
Europe is the only world region with lower hotel pipeline activity year over year, according to September 2024 data from CoStar.
The 2024 Economic Impact Trends Report from the World Travel & Tourism Council (WTTC) projects global business travel spending will reach $1.5 trillion this year, surpassing pre-pandemic levels by 6.2 per cent.
On September 4, 2024, the Bank of Canada (BOC) announced its third consecutive interest rate cut, lowering the benchmark rate by 25 basis points to 4.25 per cent. This comes as inflation continues to ease, reaching 2.5…
Canada’s hotel industry recorded its highest occupancy level for any month since August 2018, according to CoStar’s August 2024 data.
The City of Calgary has launched Phase 2 civic engagement on short-term rentals.
The Summer Olympic Games drove Paris hotel average daily rate (ADR) to an all-time high, according to data from CoStar.
Lodging Econometrics' (LE’s) Q2 2024 Global Construction Pipeline Trend Report states that the total pipeline ascended to a record-high 15,453 projects with 2,395,726 rooms, up 6 per cent by projects year-over-year…
