The arrival of the Omicron variant in late 2021 had an impact on early 2022 results; however, performance indicators show that the impact of this wave subsided in early February. We anticipate the Canadian accommodation market will continue with the recovery, which began in the second half of 2021, throughout the remainder of 2022. Overall, the hotel market is poised for a strong recovery in 2022 with performance in most markets expected to recover in the next two years to return to 2019 levels.
In the latest version of our INNSIGHT Quarterly report on the Canadian Hospitality sector, we’ve broken down key numbers alongside expert commentary to help you understand how the sector is performing as the recovery accelerates.
