Although economists predict an imminent economic downturn, September data confirms hotel performance remains robust. Room rates continue to drive overall performance, up 8.1% to $222. All segments continue to achieve healthy growth, and this balance is a continuation of one of the biggest success stories of the year.
Canada Hotels Mostly on Solid Footing Even as the Country’s Economy Slows
Slowing Demand in Limited-Service Hotels Could Be First Signs of Slowing Hotel Performance
By Laura Baxter
CoStar Analytics
October 27, 2023 | 5:30 P.M.
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