UPWARD TRAJECTORY: THE CANADIAN HOTEL INDUSTRY IS REAPING THE BENEFITS OF TOURISM GROWTH
Canada recorded its second-highest number of visitors in 2016 — higher than any other year since 2002, according to Destination Canada. This was good news for the hotel industry, which saw occupancy remain solid at an average of 64.5 per cent, an average RevPAR of $96 and ADRs inching upwards to $149. For Hotelier’s Top 50 hotel companies, the year closed out with total estimated gross sales of $16.5 billion. To read click here.