TORONTO — Cushman & Wakefield has presented its InnSights Quarterly Q1 2024 report, which highlights key dynamics of the Canadian hospitality sector, along with a glance at the hotel cap rates across Canadian markets.
Following 18 months of strong growth and recovery form 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.
To download the report, click here.
