Canada’s hotel industry reported mixed year-over-year performance in March, according to data from CoStar.
March 2025 (percentage change from 2024):
- Occupancy: 59.4 percent (-2.7 percent)
- Average daily rate: CAD187.81 (+1.6 percent)
- Revenue per available room: CAD111.52 (-1.2 percent)
Despite a year-over-year drop in the metric, Canada’s occupancy level was its highest since November 2024.
Among the provinces and territories, British Columbia recorded the highest occupancy level (66.8 percent), which was 1.4 percent above 2024.
Among the major markets, Vancouver saw the highest occupancy (72.0 percent), down 1.7 percent from March 2024.
The lowest occupancy among provinces was reported in Prince Edward Island (38.4 percent), up 17.9 percent against 2024.
At the market level, the lowest occupancy was reported in Montreal (-13.9 percent to 55.0 percent).