News & Articles - Colliers

  • Canada’s Hotel Industry Showing Signs of Recovery: Report

    Market analysts appear confident that rallying conditions in Canada’s hotel industry are pushing the sector in a positive direction. Colliers’ review of trends in the second quarter of 2021 gauges sentiment at a C+, while Avison Young’s mid-year Canada hotel market summary underscores expectations for improvement in the third and fourth quarters. Both reports examine the interplay of COVID-19-related depressants that will have to lift before occupancy levels, revenue per available room (RevPAR) and average daily rates (ADR) can recover to pre-pandemic levels, and…

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