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.
Horwath HTL has released its 2024 United States Hospitality Market Report.
With substantial volume in the planning phases, the Americas was the only world region to show an increase in overall hotel pipeline activity, according to year-end data from CoStar.
The Hospitality Industry Sentiment (HIS) survey is STR’s global quarterly study covering the experiences and expectations of travel and hotel industry professionals. With the first full year of the HIS survey in the…
As expected, Canada’s hotel performance fell month over month, but continued a stretch of year-over-year growth, according to CoStar’s November 2023 data.
