During the height of the pandemic, travel was among the hardest-hit industries, but a new report suggests the hotel industry is stronger than before.
The Canada Hotel Market Report from Avison Young, released Thursday, shows hotels in Canada’s six most populous cities (Toronto, Montreal, Vancouver, Edmonton, Calgary and Ottawa) saw double-digit growth in 2023 and are now stronger in three key metrics compared to 2019.
The report found the average daily rate reached $200.10 in 2023,…
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