First Research Canadian Industry Profile

Companies in this industry operate short-term lodging facilities, including hotels, motels, and resort hotels. About 8,300 hotels, motels, and resort hotels operate in Canada, with combined annual revenue of about $21 billion, according to the Hotel Association of Canada. Large companies include Civeo Corporation, Fairmont Hotels & Resorts, Four Seasons Hotels and Resorts, and InnVest Real Estate Investment Trust. Average revenue per available room (RevPAR) of Canadian hotel and motel properties, which is the occupancy rate multiplied by the average daily room rate, is about $108, according to Smith Travel Research.

Demand for lodging services is driven primarily by business and leisure travel, which can be affected by economic conditions and currency exchange rates. ... plus: