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​​InnSights Quarterly Q2 2024 Hospitality Report​

9/11/2024
We highlight the key dynamics of the Canadian hospitality sector, along with a glance at the hotel cap rates across Canadian markets.

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Into the second half of 2024, the moderating pattern of performance has continued as hotel operations return to more typical supply and demand fluctuations. This, combined with economic conditions, inflation, and interest rates have slowed growth in the accommodation market so far this year. The rapid growth previously observed in the Canadian accommodation market seems to have ended, and performance trends have moderated.

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Author

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

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