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.
The HVS 2018 Canadian Hotel Valuation Index (HVI) not only released countrywide hotel values for 2017 but also projects the direction of these values through 2021.
Canada's consistently strong hotel demand growth through Q3 continues to outpace new supply growth by a ratio of 2 to 1!
Attendees came together this November to attend HVS’s 8th annual Caribbean Hotel Investment Conference & Operations Summit (CHICOS), hosted at the Fairmont Southampton in Bermuda.
The Market Snapshot: Asia Pacific 2018 highlights an overview of transaction activity in the region and presents 16 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.
Phoenix is undergoing economic expansion after extended post-recession recovery. Hotel-performance growth continues despite post-Super Bowl ADR correction and a large new supply pipeline; however, supply growth will soon overtake increases in demand.
Healthy demand is absorbing new supply in majority of markets across Canada!
Canada’s strong lodging 2018 year-to-date performance is buoyed by Alberta’s turnaround.
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.
The stars could not have been better aligned for the hotel industry in the year of Canada's 150th anniversary.