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Resurgence and Transformation of the Canadian Niagara Falls Hotel Market | By Luc Espaillard, Jingjianxiong (Charlie) Shi and Monique Rosszell

The Niagara Falls lodging market is rapidly recovering after the devastating pandemic-induced RevPAR decline of 72.9% in 2020. The market-wide RevPAR has reached 98% of the 2019 level in 2022 and is projected to reach 110% in 2023. ADR growth is leading the recovery. The cityscape is also poised for transformation over the next ten to twenty years through the addition of high-rise upper-upscale and luxury hotels, many as part of mixed-use developments. ....

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Luc Espaillard

Luc Espaillard
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Luc Espaillard – Hospitality Net Author

Luc Espaillard is a French Associate with the HVS office in Toronto. Before joining HVS in early 2020, Luc graduated from the tripartite Master of Science in Global Hospitality Business directed by the École Hôtelière de Lausanne, The Polytechnic University of Hong-Kong, and the University of Houston. ....

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