Current Status Of Hotel Development Activity And Construction Costs In Canada
For the Canadian lodging industry, supply growth, at 0.5% was at the lowest level on record in 2012, but developers were nevertheless highly active in pre-planning, which is resulting in pent up supply increases going into 2013. Developers have been active yet prudent in dealing with increasing costs and competition. This article examines the status of Canadian hotel development activity in 2012 going into 2013 from various angles, including...
About HVS
HVS, the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.