Canada Hospitality Real Estate Market Report and Forecast 2024-2032
Market Report I 2024-02-13 I 189 Pages I EMR Inc.
Canada Hospitality Real Estate Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Canada hospitality real estate market reached a value of USD 3.30 billion in 2023. Aided by the robust demand for travel and accommodation services, the market is projected to further grow at a CAGR of 5.1% between 2024 and 2032 to reach a value of USD 5.22 billion by 2032.
Hospitality real estate in Canada encompasses a wide array of properties, including hotels, resorts, boutique inns, and serviced apartments, catering to a diverse clientele. The sector is critical not only for its direct economic contributions but also for its role in enhancing the appeal of Canada as a premier destination for tourists and business travellers alike.
Several key factors are propelling the Canada hospitality real estate market growth. Foremost among these is the resurgence of international and domestic tourism. As travel restrictions ease and consumer confidence returns, there is a notable increase in travel activity, bolstering demand for hospitality services. Additionally, Canada's rich cultural heritage, natural beauty, and world-class cities continue to attract visitors from around the globe, further stimulating the hospitality real estate market.
According to the Canada hospitality real estate market analysis, the evolving preferences of travellers, who increasingly seek unique and personalised lodging experiences, have led to the emergence of boutique hotels and specialty accommodations. These establishments offer distinctive themes, personalised services, and immersive experiences, catering to the desires of modern travellers for authenticity and exclusivity.
Technological advancements also play a pivotal role in market growth, transforming the way hospitality services are delivered and experienced. From automated check-ins to personalised room settings controlled via smartphones, technology enhances operational efficiency and customer satisfaction, setting new standards in the hospitality industry.
The Canada hospitality real estate market outlook is being influenced by the significant investment and development activities, driven by the optimistic outlook for the sector. Developers and investors are keen on capitalising on the market's potential, leading to the renovation of existing properties and the construction of new ones. Strategic locations, such as urban centres, tourist hotspots, and transportation hubs, are particularly attractive for investment, promising high occupancy rates and returns.
Sustainability and eco-friendliness are increasingly important considerations in the development of hospitality properties. Investors and operators are adopting green practices, from energy-efficient buildings to waste reduction programs, responding to the growing consumer demand for environmentally responsible lodging options.
Market Segmentation
The market can be divided based on type, and region.
Market Breakup by Type
- Hotels and Accommodations
- Spas and Resorts
- Others
Market Breakup by Region
- Northern Canada
- British Columbia
- Alberta
- The Prairies
- Central Canada
- Atlantic Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Canada hospitality real estate market. Some of the major players explored in the report by Expert Market Research are as follows:
- Westmont Hospitality Group
- Brookfield Corp.
- CBRE Group Inc.
- Tidan Inc.
- Canalta Group
- Superior Lodging Corp.
- Re/Max Ultimate Realty Inc. (CHI Real Estate Group)
- Westcorp Property Management Inc.
- Intercontinental Hotels Group
- Germain Hotels
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Hospitality Real Estate Market Overview
8.1 Key Industry Highlights
8.2 North America Hospitality Real Estate Historical Market (2018-2023)
8.3 North America Hospitality Real Estate Market Forecast (2024-2032)
8.4 North America Hospitality Real Estate Market Share by Country
8.4.1 United States
8.4.2 Canada
9 Canada Hospitality Real Estate Market Overview
9.1 Key Industry Highlights
9.2 Canada Hospitality Real Estate Historical Market (2018-2023)
9.3 Canada Hospitality Real Estate Market Forecast (2024-2032)
10 Canada Hospitality Real Estate Market by Type
10.1 Hotels and Accommodations
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Spas and Resorts
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Canada Hospitality Real Estate Market by Region
11.1 Northern Canada
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 British Columbia
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Alberta
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 The Prairies
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Central Canada
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Atlantic Canada
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Westmont Hospitality Group
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Brookfield Corp.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 CBRE Group Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Tidan Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Canalta Group
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Superior Lodging Corp.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Re/Max Ultimate Realty Inc. (CHI Real Estate Group)
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Westcorp Property Management Inc.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Intercontinental Hotels Group
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Germain Hotels
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Hospitality Real Estate Market: Key Industry Highlights, 2018 and 2032
2. Canada Hospitality Real Estate Market: Key Industry Highlights, 2018 and 2032
3. Canada Hospitality Real Estate Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Canada Hospitality Real Estate Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Canada Hospitality Real Estate Historical Market: Breakup by Region (USD Billion), 2018-2023
6. Canada Hospitality Real Estate Market Forecast: Breakup by Region (USD Billion), 2024-2032
7. Canada Hospitality Real Estate Market Structure
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