Mid-2022 Recap

Canada Hotel Market Report

Mid-2022 Recap

Canada’s hoteliers can see the light at the end of the tunnel.

$162.10

RevPAR is heading back up

Market performance in July 2022 was the best since the onset of the pandemic with RevPAR recording its strongest-ever result at $162.10, according to STR.
75.5%

Optimistic national occupancy rate

The national occupancy rate of 75.5% in July 2022 was at a level not achieved since August 2019 (78.8%) and surpassed July 2019’s result.
$346.8m

Sales volume down 10% from a year ago

Hotel market performance across the board has improved dramatically in 2022 versus 2021; however, transaction velocity has been down compared with a year ago. From January to July 2021, $386.5 million in transactions were posted in Canada’s major markets. During the same period in 2022, transaction activity was down in terms of both capital (down 10% to $346.8 million) and number of trades (down 44% to 32).
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Your source for the latest Canada hotel market reports

Get in-depth hotel market reports and insights from commercial real estate experts in Canada. Avison Young advisors look at Canadian commercial real estate activities and the latest Canadian statistics to provide you expert market research on Canada's hotel properties.

Explore different topics like the latest office market pricing trends and analysis of Vancouver's current office real estate market conditions. Gain a better understanding of Canada's hotel real estate outlook and stay ahead of current hotel trends. Make smart decisions when it comes to investing in office properties in Canada's competitive hotel market. Avison Young is your trusted source for commercial real estate hotel market insights in Canada.

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