January results for Canadian hotels marked a positive start to 2025, with revenue per available room or RevPAR up 3.1%. Consistent with the ongoing trend, the average daily rate or ADR was the main driver, increasing 2.7% and outperforming the 1.9% inflation reading. Meanwhile, occupancy was up a marginal 0.3%, as hotel demand growth slightly exceeded supply increases.
Canadian hotels start out year with January gains
Forecast calls for moderate revenue growth for the rest of 2025
By Laura Baxter
CoStar Analytics
February 27, 2025 | 5:46 P.M.
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