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Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were its highest for any February on record, according to data from CoStar.
February 2025 (percentage change from 2024):
Among the provinces and territories, British Columbia recorded the highest occupancy level (62.3 per cent), which was 0.9 per cent below 2024.
Among the major markets, Vancouver saw the highest occupancy (71.5 per cent), down 2.8 per cent from February 2024.
The lowest occupancy among provinces was reported in Prince Edward Island (36.5 per cent), down 5.5 per cent against 2024.
At the market level, the lowest occupancy was reported in Edmonton (-1.2 per cent to 52.6 per cent).
Sunray Group has acquired the iconic Bisha Hotel Toronto, marking a significant milestone in the Canadian hospitality industry. The hotel will rebrand as BISHA, a Luxury Collection Hotel, Toronto, making it Canada’s…
Hotel Capital Connection (HCC) took place on February 18th in Toronto. Industry leaders provided a comprehensive outlook on market trends, deal-making strategies, tax planning, and financing conditions shaping the…
The Hyatt Centric brand is expanding its presence in Canada with two new properties set to open in 2026, marking the brand’s continued growth in key destinations across the country. The openings—Hyatt Centric Victoria –…
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were its highest for any February on record, according to data from CoStar.