Hotels, Motels & Resorts Industry Focus - Canada Edition

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.