INDUSTRY INSIGHTS

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29 results

Canadian Lodging Outlook Quarterly 2018-Q4

The Canadian hotel industry blew it out of the park once again in 2018! Growth in demand outpaced growth in new supply 2:1, leading to never before seen levels of national occupancy and average rate.

Canadian Lodging Outlook Quarterly 2018-Q3

Canada's consistently strong hotel demand growth through Q3 continues to outpace new supply growth by a ratio of 2 to 1!

Canadian Lodging Outlook Quarterly 2018-Q2

Healthy demand is absorbing new supply in majority of markets across Canada!

Canadian Lodging Outlook Quarterly 2018-Q1

Canada’s strong lodging 2018 year-to-date performance is buoyed by Alberta’s turnaround.

HVS Market Pulse: Downtown Chicago, IL

Chicago continues to attract hotel development to the downtown market, thanks to its proximity to global transportation and well-educated workforce. The installation of Chicago’s 60th crane in 2017 suggests that development is still robust.

HVS Canadian Hotel Development Cost Survey 2018

Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.

Canadian Lodging Outlook Quarterly 2017-Q4

The stars could not have been better aligned for the hotel industry in the year of Canada's 150th anniversary.

Canadian Lodging Outlook Quarterly 2017-Q3

A year that is shaping up with RevPAR growth levels that Canada has not witnessed in over 10 years. The Halifax/Darmouth market is leading the pack!

Market Pulse: Toronto Airport Strip, ON, Canada

The YYZ hotel market has been capitalizing on growth in airport traffic. Hotel revenue growth is expected to shift from occupancy gains to rate increases as occupancy levels remain high and capital improvements to lodging facilities are completed.

Canadian Lodging Outlook Quarterly 2017-Q2

The Canadian Lodging Industry experienced 7.0% RevPAR growth through June 2017. Wow! ADR is the main contributor particularly in the Luxury segment caused by the low dollar with Ontario and British Columbia leading the pack.