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
SASKATOON the largest city in Saskatchewan, is located on the banks of the South Saskatchewan River in the heart of the Canadian Prairies. Saskatoon is centrally located in the province; it is 300 kilometres north of the US border, 225 kilometres east of Alberta, and 345 kilometres west of Manitoba.
The economy of Saskatoon is built on agriculture, mining, biotechnology, and construction. The city has excellent road, rail, and air connections to Western Canada and the Midwestern United States. Saskatoon is located at the junction of two of Canada’s major highway systems: the Yellowhead Highway (Highway 16) and Highway 11, joining the US Interstate system through border crossings that serve both eastern and western states.
Saskatoon’s GDP grew by 3.4% between 2023 and 2024; this is more than double the national average of 1.6%. Many sectors contributed to this growth, including construction, up 13.2%; agriculture, forestry, fishing, and hunting, up 7.8%; and mining, quarrying, and oil and gas extraction, up 5.6%. In addition, private capital investment grew by 17.3% to $14.7 billion, which places first among the provinces. Private capital investment is projected to reach $16.2 billion by the end of 2025, which is a 10.1% increase over 2024.
Between 2025 and 2028, no rooms or new hotels are expected to be added to the market. In 2025, ADR growth has yielded a significant increase in RevPAR, bolstering the per-room value by almost $20,000. Growth is projected to slow down but stay on a very positive trajectory through to 2028.
The HVI for Saskatoon is projected to reach a healthy value of 1.52 in 2025 and rise to 1.86 in 2028. The per-room value is projected to continue rising, reaching $183,000 by 2028. Saskatoon is expected to remain stable in sixteenth position through 2028.
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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