Canada’s hotel industry reported a third consecutive month of year-over-year performance increases, according to March 2026 data from CoStar.
March 2026 (percentage change from 2025):
- Occupancy: 60.6 percent (+1.9 percent)
- Average daily rate: CAD198.37 (+5.8 percent)
- Revenue per available room: CAD120.12 (+7.9 percent)
Among the provinces and territories, Newfoundland and Labrador registered the largest increases across each of the three key performance metrics: occupancy (+21.1 percent to 58.2 percent), ADR (+9.4 percent to CAD154.84) and RevPAR (+32.5 percent 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 percent to 77.1 percent), ADR (+7.4 percent to CAD231.91) and RevPAR (+15.5 percent to CAD178.84).