Canada hotels post highest rate growth since 2024
Canada's May 2026 ADR rose 9.5% and RevPAR 10.5% year over year, with Quebec and Montreal leading gains driven by the Canadian Grand Prix moving from June to May.
ARLINGTON, Va. - Canada’s hotel industry posted its highest year-over-year gains in average daily rate (ADR) and revenue per available room (RevPAR) since 2024, according to May 2026 data from CoStar, a leading global provider of commercial real estate information, analytics, and online property marketplaces.
May 2026 (percentage change from 2025):
- Occupancy: 70.7% (+0.9%)
- Average daily rate (ADR): CAD233.40 (+9.5%)
- Revenue per available room (RevPAR): CAD165.02 (+10.5%)
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% to 72.1), ADR (+20.0% to CAD276.62) and RevPAR (+27.1% to CAD199.49).
Among the major markets, Montreal reported the largest gains: occupancy (+8.1% to 78.0%), ADR (+26.7% to CAD313.08) and RevPAR (+36.9% to CAD244.09).
The aforementioned province and metro market were both impacted by the Canadian Grand Prix, which shifted from June to May this year.
World Cup host markets, Toronto and Vancouver, have already seen a rate-driven impact in June. On 12 June, Toronto saw a 47.6% lift in ADR and a 36.2% increase in RevPAR. On 13 June, Vancouver reported a 54.0% jump in ADR and a 30.4% gain in RevPAR.
As of 15 June, bookings for Vancouver’s next match on 24 June were at 64% (-8.6% year over year), with Downtown Vancouver’s occupancy on the books at 66.3% (-14.3% year over year).
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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.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
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