Canada’s hotel industry reported its highest occupancy level since August 2019, according to July 2025 data from CoStar.
July 2025 (percentage change from 2024):
- Occupancy: 77.6 percent (+3.0 percent)
- Average daily rate (ADR): CAD248.50 (+5.3 percent)
- Revenue per available room (RevPAR): CAD192.75 (+8.5 percent)
The year-over-year growth rates across each of the three key performance metrics were Canada’s highest this year.
Among the provinces and territories, Manitoba posted the highest increases in each of the three key performance metrics: occupancy (+14.8 percent to 80.9 percent), ADR (+14.5 percent to CAD180.01) and RevPAR (+31.5 percent to CAD145.71).
Quebec was the only province to show a decline in occupancy (-1.2 percent to 75.7 percent). All of the provinces/territories saw an increase in ADR and RevPAR.
Among the major markets, Ottawa-Gatineau saw the largest occupancy gain (+6.5 percent to 74.4 percent).
Toronto will host several major events in August and September, which are driving increased occupancy on the books. Booking levels are as high as 75.1 percent and 68.4 percent for the Oasis shows approaching on Aug. 24 and 25, respectively. Those levels are up over 20 percent compared to the same time last year.
The Toronto International Film Festival, which attracted 700k guests last year, is also impacting bookings, which are up nearly 20 percent compared to last year on the first two nights of the event (Sept. 4-5).