Jeff Hyslop, senior vice-president, asset management and investment with InnVest Hotels, joins Colliers Canada‘s head of research Adam Jacobs, and hotels managing director Robin McLuskie to explore how Canada’s hotel market is bouncing back and showing promise in both the room demand and investment fronts.
Canada’s hotel market is amid a recovery in both occupancy and room rates post-pandemic, with average rates surging. On the investment side, the market is heating up with transaction volume expected to surpass $2 billion by the end of this year.
The experts in this episode also discuss the boost from Taylor Swift’s Eras Tour this year in Toronto and Vancouver, and the FIFA World Cup in 2026. Ongoing challenges persist though, including high labour costs and worker shortages.
Jacobs, McLuskie and Hyslop also cover:
- the opportunity to capture more inbound international travel;
- the continued challenges inflation is posing to various types of travel and business;
- why the hotel investment market in Canada could be the strongest we’ve seen in decades;
- the interest developers are starting to have in extended-stay accommodations; and
- the effects and perceptions of wildfires and the tourism industry in Western Canada.
Get more insights from other CRE Talks episodes.