Market Report: Canada Hotel Market 1st Quarter 2019
By Peter Gaudet on May 9, 2019
Within the hospitality real estate sector, it is commonplace for hotel developers, owners, and lending institutions to target to optimal product positioning for the hotel asset under consideration.
The question remains as to where should a hotel asset be positioned, and how does that positioning relate to the overall competitive marketplace. This is even more pertinent within the luxury hospitality landscape, where several jargons make it virtually impossible for an outsider to differentiate between the various levels of luxury in the hotel industry. This special market report aims to elaborate and to differentiate between the high-end luxury hotels as compared to the luxury boutique hotels, both operating within the Canadian landscape.
This latest report from the Horwath HTL Canada team aims to determine key performance indicators, with a focus on the cities of Toronto and Montréal.