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The Canada hospitality real estate market size was approximately USD 3.30 billion in 2023. The market is assessed to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of USD 5.22 billion by 2032.
Within real estate, hospitality encompasses diverse products which include structures and amenities like hotels, restaurants, travel centres, amusement facilities, and many others. The hospitality real estate sector deals with the provision of food, entertainment, and accommodation services to guests. The design and construction of properties must be in line with the highest standards to attract tourists, further utilising advanced technologies to create a memorable experience for them. Event and meeting properties and recreational properties also fall under the ambit of the hospitality real estate sector.
The Canada hospitality real estate market segmentation, based on type, includes hotels and accommodations, and spas and resorts, among others.
The major regional markets for hospitality real estate include Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Canada hospitality real estate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the Canada hospitality real estate market analysis, hotels and accommodations are expected to lead the demand during the forecast period due primarily to the thriving tourism sector and an increase in international arrivals. This is further being supported by increased foreign and domestic investments towards the establishment of new hotel chains and reduced financing costs. The sector is witnessing an average investment of $2 million every year and is operating in one of its most profitable phases in the past 30 years. Limited service hotels, which provide a budget friendly accommodation option to travellers and businessmen, are experiencing increased demand in comparison to traditional full-service hotels. This is expected to add to the demand for real estate hospitality in Canada.
British Columbia is expected to account for a significant Canada hospitality real estate market share over the forecast period. It hosts beautiful mountain sceneries and has established magnificent skiing resorts that attract tourists from different parts of the world. Some of the major sightseeing spots here include Capilano Suspension Bridge, Science World, Stanley Park, and Whistler ski resort (most popular in the world).
Central Canada is also expected to witness an increase in the number of national and international tourists. The province of Ontario hosts many important sites for Canadian tourism including the Parliament Hill, Niagara Falls, Toronto Zoo, and National War Memorial, among others.
Westmont Hospitality Group was founded in 1975 and is headquartered in Toronto, Ontario. It owns 500 hotels across four continents and has strategic partnerships with companies like Hyatt, Mariott, and Hilton. It operates 2–5-star properties, full service and limited service hotels, boutique hotels, high-end luxury hotels, and large conference hotels, among others.
Tidan Inc. was founded in 1970 and is headquartered in Montreal, Canada. It is engaged in the management of commercial office spaces, hotels and sporting clubs, shopping centers, residential apartments, and industrial buildings. It is a versatile real estate company that has a significant presence in the United States.
Canalta Group is a family owned business of Cam and Sharlene Christianson which was founded in 1974 and is headquartered in Drumheller, Alberta. It owns and operates more than 40 properties across Western Canada.
Other players in the Canada hospitality real estate market include Brookfield Corp., CBRE Group Inc., Superior Lodging Corp., Re/Max Ultimate Realty Inc. (CHI Real Estate Group), Westcorp Property Management Inc., Intercontinental Hotels Group, and Germain Hotels, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
In 2023, the market reached an approximate value of USD 3.30 billion.
The Canadian hospitality real estate market is estimated to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 5.22 billion by 2032.
The market is being driven by the increasing demand for comfortable and luxurious travel experiences by domestic and international visitors to Canada.
The key trends aiding the market expansion include anticipated growth of the tourism industry, rise in hotel construction, and return of overseas travellers post pandemic.
The major regions in the market are Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.
The major types of hospitality real estate include hotels and accommodations, and spas and resorts, among others.
The major players in the market are 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, and Germain Hotels, among others.
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