Canadian hotel performance mirrors U.S.’
Every day we hear—and the data confirm—how the current economic environment is taking a toll on the U.S. hotel industry. Supply is outpacing demand, resort destinations are struggling, luxury chain scales are reporting negative revenue-per-available-room growth, and the list goes on. What has all of this U.S. economic turmoil meant for our friends to the north? In analyzing the data, we have discovered that, essentially, Canadian hotels are performing much like U.S. hotels.