Cushman & Wakefield: Canada Accommodation Overview

The report highlights key dynamics of the Canadian hospitality sector along with a look at hotel cap rates across Canadian markets.

After eighteen months of strong growth and post-pandemic recovery, early 2024 marks a return to normalized growth patterns that are expected to be shaped by typical supply and demand fluctuations. This, combined with economic conditions, inflation and interest rates will slow the accommodation market this year, as emerging trends in Q1 show.

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