CBRE Hotels Canada Market Update March 2022
04 Mar 2022
CBRE Hotels has released a revised 2022 Canadian accommodation market outlook. With modest gains made in 2021, CBRE projects 2022 RevPAR will accelerate growing by 43% to reach $81. This growth will be dependent on demand and rates recovering particularly in non-peak periods of the year. National RevPAR is expected to see a full recovery to 2019 levels by 2024. This report details the 5-year national outlook and the 2022 outlook for the provinces and 13 Canadian major markets.