HVS Canadian Lodging Outlook Quarterly 2026-Q2
HVS and CoStar report Canadian hotel RevPAR grew 4.0% in 2025 and is up 6.5% year-to-date, driven by domestic travel, Chinese tourism, and a favourable exchange rate luring U.S. visitors.
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Mix of events boosted Canada hotel performance in July
Canada's hotels posted strong July 2026 gains, with Montreal leading major markets at +23.7% RevPAR, driven by festivals including Jazz Fest and Osheaga.
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.