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%).
Views: 4,020
Related to the topic:
- Singapore vs Hong Kong 2024 Hotel Market Showdown Revealed by New Report This report examines Singapore's intense rivalry with Hong Kong, two key Asian hotel markets that are both competing for supremacy post-pandemic. Singapore is currently in the lead, with occupancy rates above 83% by early 2024. This will allow it to host major global events. Hong Kong faces challenges with a slowing luxury market and changing visitor habits. Singapore's daily average hotel rates have risen to $314, while Hong Kong is preparing for the grand opening in 2025 of its new stadium. Singapore reached a long-awaited landmark in 2019, just before the pandemic. It surpassed Hong…
- Hilton: opening and renovating this season As Hilton enters the second quarter of the yr, the hospitality firm appears ahead to opening the doorways to some unimaginable properties and debuting thrilling renovations. Waldorf Astoria Motels & Resorts is ready to have a busy spring with the return of the extremely anticipated Waldorf Astoria New York, in addition to the opening of the model’s first accommodations in Japan and Costa Rica, with Waldorf Astoria Osaka and Waldorf Astoria Costa Rica Punta Cacique each opening in April. Moreover the prolonged keep model LivSmart Studios by Hilton will debut this quarter, with openings in Kokomo, Indiana…
- World Wide: Luxurious journey information This month, we’re excited to highlight an array of gorgeous choices on this planet of luxurious journey, from 4 Seasons’ newest personal jet itinerary to Six Senses’ upcoming eco-conscious retreat nestled within the picturesque hills of Pennsylvania. All this and extra, together with the stylish debut of the Ritz-Carlton’s second superyacht, a tranquil new resort in Oman, and splendid culinary experiences at iconic locations like Royal Palm Beachcomber in Mauritius. Learn on for the newest updates to see what’s across the nook… New luxurious journey itinerary for Personal Jet Expertise 4 Seasons is as soon as…
