Cushman & Wakefield: Canadian Lodging Overview – Q1 2024
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The report highlights the key dynamics of the Canadian hospitality sector, along with a glance at the hotel cap rates across Canadian markets.
Following eighteen months of strong growth and recovery from the pandemic, the beginning of 2024 marks a return to normalized growth patterns expected to be shaped by typical supply and demand fluctuations. This, combined with economic conditions, inflation, and interest rates will slow the accommodation market in this year, as evidenced by the emerging trends in Q1.
Categories: Trends