According to CoStar data, the average daily rate of hotels (ADR) as well as revenue per available room(RevPAR), were at their highest levels in February ever. CoStar is the leading provider of real estate marketplaces and information in the property market.
February 2025:
- Occupancy: 57.7% (-0.5%)
- Average daily rate (ADR), CAD189.27 (+4.2%)
- Revenue per available room (RevPAR): CAD109.14 (+3.7%)
Among the provinces and territories, British Columbia recorded the highest occupancy level (62.3%), which was 0.9% below 2024.
Among the major markets, Vancouver saw the highest occupancy (71.5%), down 2.8% from February 2024.
The lowest occupancy among provinces was reported in Prince Edward Island (36.5%), down 5.5% against 2024. At the market level, the lowest occupancy was reported in Edmonton (-1.2% to 52.6%).
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