•David

There are currently 43 hotel development projects in the works in Canada, the largest in Toronto, Edmonton, Calgary and Ottawa.

What will have happened to hotel-room supply/demand by the time these projects are completed?

Currency analysts believe that in the near term, US infrastructure spending and tax cuts will cause the Fed to raise interest rates in December, and that the CAD will be trading at around US$0.70 by year-end.

If that happens, Canada tourism will be an even bigger bargain for Americans than it is now.

But the CAD has strengthened steadily throughout 2017 against the euro and other world currencies.

So getting American tourists is almost certainly the best strategy for Canadian hoteliers in 2017-2018.

After that? Stay tuned for updates.