ST. CATHARINES-NIAGARA FALLS | Niagara Region Development Thread

[Innsertnamehere]

Originally Posted by drafty

Niagara Falls is pegged to have the highest hotel occupancy rate in Canada next year. This expansion, and other proposed hotels, won't be available for a few years, but it appears that the experts think the future is bright

https://www.bnnbloomberg.ca/vancouver-ni...estic-travel-in-2022-says-cbre-1.1672288

It's still down 9% from 2019 for the Niagara Falls market - but the 2019 market seemed to be leaning towards some growth already, so if 2023 or 2024 can surpass 2022, it should indicate a healthy market for some new rooms.

Niagara Falls hasn't seen a new hotel in 15 years at this point too, a new player could likely make some fairly easy inroads by providing a modern facility. the Hyatt Regency/Centric that had started construction will hopefully restart soon, and was a sign of confidence in the market pre-pandemic. If any of the dozen or so major tower proposals with hotel components can get moving, that would be even better.