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…
The Canadian hotel investment market has shown significant resilience and growth in the second quarter of 2024, according to the latest INNvestment Canada Hotel Q2 2024 Report by Colliers.
After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data.
In July 2024, Canada's job market exhibited signs of stagnation, shedding a net total of 2,800 jobs, according to data released by Statistics Canada.
The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of the quarter, there are 322 projects/40,297 rooms in the country’s total pipeline.
