Canada hotels report third straight month of performance gains
ARLINGTON, Va. - Canada’s hotel industry reported a third consecutive month of year-over-year performance increases, according to March 2026 data from CoStar , a leading global provider of commercial real estate information, analytics, and online property marketplaces. March 2026 (percentage change from 2025): Occupancy: 60.6% (+1.9%) Average daily rate (ADR): CAD198.37 (+5.8%) Revenue per available room (RevPAR): CAD120.12 (+7.9%) Among the provinces and territories, Newfoundland and Labrador registered the largest increases across each of the three key performance metrics: occupancy (+21.1% to 58.2%), ADR (+9.4% to CAD154.84) and RevPAR (+32.5% to CAD90.18). The province’s performance was helped by the Labrador Winter Games. Among the major markets, Vancouver saw the largest performance increases: occupancy (+7.5% to 77.1%), ADR (+7.4% to CAD231.91) and RevPAR (+15.5% to CAD178.84). For more information about the company and its products and services, please visit www.costargroup.com . Additional Performance Data CoStar’s world-leading hotel performance sample comprises 94,000 properties and 12 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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