Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Canadian Lodging Industry Overview

Brian Flood • 3/14/2023

Canada Lodging Industry Overview

2022 was a pivotal year for the Canadian Hospitality industry. While the sector is still in recovery mode, most markets across the country achieved stronger top line results than 2019, resulting in profit levels not seen in the last three years. In our 2022 Outlook, we had anticipated the beginnings of a recovery once vaccines had been distributed. This came to fruition in Q2, with growth in demand and a surge in ADR across most markets, driven by the leisure segment. Demand has still not fully recovered in certain segments such as Group and Corporate, but the outlook remains positive as these segments continue to recover. 

In the face of these positive developments, the sector is not immune to the larger economy and inflation is impacting operating costs in terms of supplies and labour. Labour shortages are also an issue for the industry coming out of COVID-19 as many senior staff chose to retire and younger staff were attracted to other industries through the pandemic. 
Despite higher interest rates, investors remain fully engaged in the sector, The largest challenge for investors is the lack of opportunities to acquire. This annual Outlook recaps the results for this past year, the outlook for 2023, and emerging industry trends. 

Download the report.

Valuation & Advisory
Smart equity and debt decisions require industry expertise and local market knowledge. Our V&A experts deliver integrated solutions to meet your needs.
Learn more


Related Insights

student housing
Perspectives • Valuation

2023 Canadian Student Housing Overview

​Our latest report for 2023 outlines how international student growth rebounded over the last two years, the current development pipeline, operating ratios and recent trades.
Brian Flood • 4/10/2023
Perspectives • Valuation

Canadian Seniors Housing Industry Overview 2023

Our latest report provides a detailed review of the Canadian seniors housing sector in 2022, in-depth analysis of the current state of the market and our outlook for 2023 and beyond.  
Sean McCrorie • 3/2/2023


Communiquez avec un de nos spécialistes

Cushman & Wakefield utilise des cookies pour analyser le trafic et offrir à nos clients une meilleure expérience de navigation sur ce site. Fermez cette boîte de dialogue pour confirmer votre consentement ou consultez cette page pour en savoir plus :
Notification de cookie

Accepter et fermer
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All