Canadian Lodging Industry Overview

Brian Flood • 6/8/2021

VA Lodging Overview (image)

Valuation & Advisory's Hospitality & Gaming Practice Group is pleased to share our latest overview on Canada’s Hotel Market. There is much optimism for the balance of 2021 as the booking pace for the summer is ramping up. Resorts in particular are seeing very strong advance bookings and some are sold out for the summer – at significantly higher rates. Regarding investment activity, we expect to see an increase in the number of transactions for the balance of 2021 with heightened investor interests, more strategic dispositions, and potentially more lender driven activity in some areas.

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