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Horwath Market Report Canada Hotel & Chains 2024
The annual Canada Hotels & Chains Report examines the country's hospitality industry, highlighting its growth despite challenges such as inflation and interest rates.
With a RevPAR of $131 in 2023, marking a 21% increase from 2019, the industry demonstrated remarkable recovery. Emerging trends include the integration of technology, the resurgence of “bleisure” travel, and a focus on cybersecurity and sustainability.
The report provides insights into key performance indicators, establishment distribution, and future projections. Surveying over 7,100 Canadian hotels and 450,000 guest rooms, it underscores Horwath HTL’s dedication to supporting the hotel industry with comprehensive data and consulting expertise.
Click here (PDF) to download the report.
About Nathalia Castilho
Title: Consultant
Office: Canada – Montréal, Canada – Toronto
Email: ncastilho@horwathhtl.com
Address:
485 McGill Street
Suite #1020
Montréal, Québec
H2Y 2H4
Canada