MONTREAL — Horwath HTL Canada has released its Canada Hotel & Chains Report 2023. The report looks forward to the ever-evolving needs of hotel consumers and considers where the Canadian hotel industry is at with regard to independent and branded hotels coming out of the pandemic and heading into the future. Authors include Paolo Di Pietrantonio, president of Horwath HTL Canada; Peter Gaudet, VP of Horwath HTL Canada; and Nathalia Castilho, consultant analyst at Horwath HTL Canada.
Overall, as we approach mid-2023, the outlook for the Canadian hospitality industry appears brighter. Already, year-end 2022 results saw the industry register a RevPAR of $109, or a result comparable to the results of 2018 and 2019.
Drawing on its internal database, STR and other resources, Horwath HTL Canada has presented the following overview compiling a sample of just over 7,100 Canadian hotels and close to 450,000 guestrooms. To present the data in a clear and structured manner, the company has classified it according to the chain scales as defined by STR.
To download the full report, click here.