Low Oil Prices and Oil-Dependent Canadian Lodging Markets
Lower demand means lower revenues. ... This will have a major impact on lodging demand in these markets.
By Jason Wight, Senior Associate with HVS Vancouver office, HVS
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Canadian Lodging Market Poised to Set New RevPAR Records in 2014 and 2015
For Canada, RBC is forecasting GDP growth of 2.5% and 2.7% in 2014 and 2015, respectively (up from 2.0% in 2013). ... Demand growth is nevertheless expected to continue to outpace supply growth. The national occupancy is forecast at 64.6% in 2014, up from 63.3% in 2013, and it is projected to reach 65.1% in 2015.
Canadian hotel investment market expected to recover in 2010 according to Colliers International Hotels and HLT Advisory
“Respondents were at least three times more likely to forecast demand reductions than increases over the next six months. ... And that’s for all demand segments including leisure, corporate and group travel.