ARLINGTON, Va. – 23 March 2026 – Canada’s hotel industry reported a second consecutive month of year-over-year performance increases, according to February 2026 data from CoStar, a leading global provider of commercial real estate information, analytics, and online property marketplaces.
February 2026 (percentage change from 2025):
- Occupancy: 57.9% (+0.2%)
- Average daily rate (ADR): CAD197.05 (+4.0%)
- Revenue per available room (RevPAR): CAD114.18 (+4.2%)
Among the provinces and territories, Manitoba registered the largest increases across each of the three key performance metrics: occupancy (+7.6% to 66.8%), ADR (+7.8% to CAD178.28) and RevPAR (+16.0% to CAD119.17).
Among the major markets, Vancouver saw the largest increases in occupancy (+3.7% to 73.8%) and RevPAR (+7.8% to CAD166.24).
Despite reporting the steepest decline in occupancy (-7.2% to 63.8%), Toronto posted the highest ADR gain (+7.2% to CAD229.48).
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