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​​InnSights Quarterly Q2 2023 Hospitality Report​

Brian Flood • 8/15/2023
Highlights the top topics the Canadian hospitality industry is facing, along with a glance at the hotel cap rates across Canadian markets.

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In Q2 2023 the hotel sector has continued to show strong results with growth in both occupancy and ADR compared to the same period in 2022. Most markets have continued to show strong growth in both demand and ADR; however, the general trend is towards slower year over year growth, corresponding with the slowing of inflation as we enter mid-year. 

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V&A Hospitality Report

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Authors

  • Brian Flood
    Executive Vice President & Practice Leader, Hospitality & Gaming Group
  • Cindy Schoenauer
    Vice President, Hospitality & Gaming

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