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​​InnSights Quarterly Q3 2024 Hospitality Report​

11/27/2024
We highlight the key dynamics of the Canadian hospitality sector, along with a glance at the hotel cap rates across Canadian markets.

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As 2024 progresses through Q4, the moderating pattern of performance persists as hotel operations return to more typical supply and demand fluctuations. Economic conditions, inflation, and interest rates have slowed demand growth in the accommodation market so far this year; however, overall demand levels remain relatively healthy, allowing for moderate gains in ADR.

In addition to an update on the hospitality market, see our key takeaways from the 2024 Western Canadian Lodging Conference and ISHC Annual Conference.

Download the report to learn more. 

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Author

  • Brian Flood
    Executive Vice President & Practice Leader, Hospitality & Gaming Group

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