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What to watch in 2025: Hotel rates and demand are high, but growth is slow

New hotels in Ontario expected to drive supply growth
The TOOR Hotel is a 32-storey tower under construction at 203 Jarvis St. in downtown Toronto containing 240 hotel suites and 179 rental units. The hotel is one of numerous new hospitality properties expected to open in Canada in 2025, adding a higher-than-average amount of new hotel rooms. Nearly two-thirds of the new rooms are set to be added in Ontario. (CoStar)
The TOOR Hotel is a 32-storey tower under construction at 203 Jarvis St. in downtown Toronto containing 240 hotel suites and 179 rental units. The hotel is one of numerous new hospitality properties expected to open in Canada in 2025, adding a higher-than-average amount of new hotel rooms. Nearly two-thirds of the new rooms are set to be added in Ontario. (CoStar)
CoStar Analytics
December 30, 2024 | 4:28 P.M.

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