Canada Hospitality Real Estate Market Report and Forecast 2025-2034

The Canada hospitality real estate market size was approximately USD 3.30 Billion in 2024. The market is assessed to grow at a CAGR of 5.10% between 2025 and 2034, reaching a value of USD 5.43 Billion by 2034.

Key Trends in the Market

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 World Travel and Tourism Council estimates that the Canadian travel and tourism industry can grow to a size of more than $238 billion in the next decade. Montreal, Vancouver, and Toronto are some of the important tourist attractions that account for a significant tourist footfall. This will accelerate infrastructural requirements within the travel and tourism industry and boost the Canada hospitality real estate market growth.
• The key Canadian markets are much more developed and have attractions like entertainment hubs, sports centres, and nightlife, which boosts the demand for hotels and enhances RevPAR (revenue per available room) numbers. Upper mid-scale hotels are popular among tourists while luxury hotels are a significant contributor to the overall revenue.
• The private sector investment in Canada’s hospitality sector has jumped significantly in recent years. In 2021, 92 hotel deals worth an average value of $7.7 million took place, with the largest of all being the acquisition of resorts from Skyline Investments Inc. by Freed Hotels & Resorts for $330 million. In terms of hotel sales, the Greater Toronto and Hamilton Area emerged as the most promising market, followed by Calgary and Montreal.
• The government programmes aimed at supporting domestic tourism and generating global traveller demand by marketing Canada nationally and abroad are expected to favour the Canada hospitality real estate market demand. Destination Canada is also focusing on increasing its expenditure towards marketing campaigns to draw in more visitors, attracting leisure travellers as well as business events delegates.

Market Segmentation

The report titled “Canada Hospitality Real Estate Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

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

Market Share by Type

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.

Market Share by Region

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.

Competitive Landscape

The comprehensive 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.

Westmont Hospitality Group

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.

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

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.