Canada’s hotel industry reported a third consecutive month of occupancy declines but continued growth in average daily rate (ADR), according to CoStar’s February 2024 data.

Cushman & Wakefield has released its “Canadian Lodging Overview 2023” report. In 2023, the Canadian Hospitality market reached a significant milestone, eclipsing 2019 market occupancy finishing the year at 65.7 per…

Choice Hotels International, Inc. has reported its fourth quarter and full-year 2023 results.

Analysis by Isaac Collazo, Chris Klauda, Will Anns

According to a report by SiteMinder, Hotel Booking Trends, reveals that international travellers accounted for the majority (51 per cent) of the country’s hotel arrivals in 2023—a 27 per cent increase from the previous…

According to the first UNWTO (UN Tourism, a specialized agency of the United Nations) World Tourism Barometer of the year, international tourism in 2023 ended at 88 per cent of pre-pandemic levels, with an estimated 1.3…

Canadian hotel investment activity totalled approximately $320 million in the fourth quarter, pushing the year-end total to over $1.65 billion based on Colliers Hotels’ preliminary sales data.

Analysis by Eddie Yeung STR's global “bubble chart” update for 2023 shows 85 per cent of markets with revenue per available room (RevPAR) higher than 2019.

According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, the country ended 2023 at 294 projects/38,396 rooms, a mere 11 projects short of the country’s peak of 305 projects…

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 2023 data.