2013 Canadian Hotel Valuation Index
An optimistic outlook for the lodging industry marks the 2013 edition of the groundbreaking HVS Canadian Hotel Valuation Index. Following the moderate demand recovery that took place in 2012, the Canadian lodging market has seen stronger occupancy growth through 2013 in addition to gains in average room rates not seen since 2010. The transaction side of the business has increased considerably from the nadir witnessed in 2009, when the...
An optimistic outlook for the lodging industry marks the 2013 edition of the groundbreaking HVS Canadian Hotel Valuation Index. Following the moderate demand recovery that took place in 2012, the Canadian lodging market has seen stronger occupancy growth through 2013 in addition to gains in average room rates not seen since 2010. The transaction side of the business has increased considerably from the nadir witnessed in 2009, when the transaction volume was a mere 10% of what had been recorded in 2007. Numerous high-profile assets have come to market, and fierce bidding is commonplace among active institutional buyers and investors. These investors are aggressively pursuing assets for which the values are seen as below their long-term potential.
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.