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.
Source: hospitalitynet.org