For a comprehensive review of the Canada market, click below:
HVS In-Depth Canada Hotel Valuation Index:
2025
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2024
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2019
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2018
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2017
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2016
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2015
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2014
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2013
REGINA, the capital of Saskatchewan, is in the south-central area of the province. With a population of 280,000, Regina is the second-largest city in the province, after Saskatoon. Regina has a resource-based economy founded primarily on agriculture and oil and gas production.
From the early 2000s until 2014, Regina sustained relatively strong GDP growth. With the weakening of natural resource prices, Regina’s GDP contracted in 2015; this was the first time in 20 years that the city’s GDP fell below the level of the preceding year. Little growth was noted until 2018 when the city once again registered an uptick in GDP.
The major industries in the capital city are government services at the municipal, provincial, and federal levels; agriculture and food production; energy (including oil, gas, and renewable energy); manufacturing; and information technology. Financial services and tourism are also important sectors.
As a major service hub in the province, Regina has a strong presence in retail, accommodation, and related sectors. For 2025, the Conference Board of Canada projects the unemployment rate in Regina to be 5.3%, well below the national average of 6.7%. GDP growth in Regina is expected to outpace the national average at 1.3% in 2025, with average annual growth of 2.3% from 2026 through 2028.
Between 2025 and 2028, no new rooms are expected to be added to the Regina market. In 2024, the HVI value finally exceeded 1.00 (the first time since 2016), and it is expected to increase to 1.34 in 2028, reflecting a per-room value of $132,200. Regina is expected to remain at the bottom of the rankings, holding the twentieth position throughout the projection period, albeit with healthy growth in the HVI value.
The widespread impact of the coronavirus (COVID-19) has had an unprecedented impact on hotels and hotel values worldwide.
Consequently, the latest HVI analysis may no longer reflect the most current measure of lodging industry strength or the
hospitality investment market.
In each of our offices across the globe, we are working tirelessly to analyze the impact of recent events and provide timely
insights to help you navigate these uncharted waters. Because it is unclear how long the pandemic will last or how long related
restrictions will be in place, we are updating our analyses on a weekly basis using the most current data.
Additionally, examination of value trends in prior cycles can provide useful information. Historical patterns, together with
an understanding of the market’s current expectations for the eventual recovery of the industry and its performance, can provide
insights on the likely trajectory of decline and recovery for hotel values.
For the Latest Information and Analysis on the Impact of COVID-19Click Here
If you’d like to speak to someone personally to review details of our most current analysis, please don’t hesitate to contact
us directly.
ADR, Demand, Occupancy, RevPAR, and Supply Projections:
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