Colliers International Hotels is pleased to provide results of the ninth annual Canadian Hotel Investment Sentiment Survey. The annual survey aims to address the most relevant questions impacting lodging investment decisions over the next 12 months by capturing the thoughts of more than 100 active investors.
- 2018 saw fluid trading in secondary/tertiary markets with national hotel transaction volume of $1.5 billion.
- Canada remained on solid economic footing in 2018 which saw another year of strong hotel operating performance with national RevPAR up 5.3%, according to STR.
- Investors remain optimistic about the hotel asset class in 2019, although they have a more cautious view for the next 3-5 years.
- Investment intentions in the 2019 survey shifted from a predominantly acquisitions focus; 41% reported a hold, renovate or expand strategy.
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