Canada’s hotel industry posted its highest year-over-year gains in average daily rate and revenue per available room since 2024, according to May data from CoStar.
May 2026 (percentage change from 2025):
- Occupancy: 70.7 percent (+0.9 percent)
- Average daily rate (ADR): CAD233.40 (+9.5 percent)
- Revenue per available room (RevPAR): CAD165.02 (+10.5 percent)
Canada’s ADR growth was the highest for any month since November 2024, while the RevPAR increase was the country’s highest since December 2024.
Among the provinces and territories, Quebec registered the largest increases in each of the three key performance metrics: occupancy (+5.9 percent to 72.1), ADR (+20.0 percent to CAD276.62) and RevPAR (+27.1 percent to CAD199.49).
Among the major markets, Montreal reported the largest gains: Occupancy (+8.1 percent to 78.0 percent), ADR (+26.7 percent to CAD313.08) and RevPAR (+36.9 percent to CAD244.09). The province and metro market were both impacted by the Canadian Grand Prix, which shifted from June to May this year.
Toronto and Vancouver, World Cup host markets, have already seen a rate-driven impact in June. On June 12, Toronto saw a 47.6 percent lift in ADR and a 36.2 percent increase in RevPAR. On June 13, Vancouver reported a 54.0 percent jump in ADR and a 30.4 percent gain in RevPAR.
As of June 15, bookings for Vancouver’s next match on June 24 were at 64 percent (-8.6 percent year over year), with downtown Vancouver’s occupancy on the books at 66.3 percent (-14.3 percent year over year).