A new survey about the future of business travel is less than encouraging for big city hotels in Canada.

Cushman & Wakefield highlights the key dynamics of the Canadian hospitality sector, along with a glance at the hotel cap rates across Canadian markets.

During the first half of the year, Canada’s tourism and hospitality sector saw an increasing number of domestic and international visitors comparable to those seen since the on-set of the pandemic.

Q2 saw three resort sales totalling nearly $40 million including the well-known Severn Lodge Resort and Isaiah Tubbs Resort in Ontario.

Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter, according to June 2022 data from STR.

Canada’s monthly hotel performance improved from the previous month yet again, and room rates reached the highest level since September 2019.

The hospitality robots market is estimated to reach US $3,083 million by 2030, registering a CAGR of 25.5 per cent from 2021 to 2030.

For many LGBTQ+ travellers from around the world, the reality of travelling can present myriad challenges.

Canada’s monthly hotel performance improved once again from the previous month and showed better indexed comparisons, according to STR’s April 2022 data.

Canada’s monthly hotel rates exceeded 2019 levels for the first time since the pandemic began, according to STR’s March 2022 data.