The coronavirus (COVID-19) pandemic had a severe impact on hotel investments. The value of hotel purchases in Canada amounted to 862 million Canadian dollars in 2020, down from 1.86 billion Canadian dollars in the previous year. In 2022, investment activity picked up and there were 158 hotel transactions in Canada, double volume in 2020.
Value of hotel transactions in Canada from 2003 to 2022
(in million Canadian dollars)
Characteristic
Transaction volume in million Canadian dollars
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Colliers International. (March 15, 2023). Value of hotel transactions in Canada from 2003 to 2022 (in million Canadian dollars) [Graph]. In Statista. Retrieved July 07, 2024, from https://www.statista.com/statistics/1051715/hotel-transaction-value-canada/
Colliers International. "Value of hotel transactions in Canada from 2003 to 2022 (in million Canadian dollars)." Chart. March 15, 2023. Statista. Accessed July 07, 2024. https://www.statista.com/statistics/1051715/hotel-transaction-value-canada/
Colliers International. (2023). Value of hotel transactions in Canada from 2003 to 2022 (in million Canadian dollars). Statista. Statista Inc.. Accessed: July 07, 2024. https://www.statista.com/statistics/1051715/hotel-transaction-value-canada/
Colliers International. "Value of Hotel Transactions in Canada from 2003 to 2022 (in Million Canadian Dollars)." Statista, Statista Inc., 15 Mar 2023, https://www.statista.com/statistics/1051715/hotel-transaction-value-canada/
Colliers International, Value of hotel transactions in Canada from 2003 to 2022 (in million Canadian dollars) Statista, https://www.statista.com/statistics/1051715/hotel-transaction-value-canada/ (last visited July 07, 2024)
Value of hotel transactions in Canada from 2003 to 2022 (in million Canadian dollars) [Graph], Colliers International, March 15, 2023. [Online]. Available: https://www.statista.com/statistics/1051715/hotel-transaction-value-canada/