Overview
- CoStar’s November 2025 data show occupancy at 61.6% and RevPAR at CAD120.70, each down 1.0% year over year, with ADR flat at CAD195.94.
- Ontario recorded the steepest provincial pullback, with occupancy down 4.3% to 64.5%, ADR down 4.0% to CAD214.35, and RevPAR down 8.1% to CAD138.32.
- Toronto posted the largest declines among major markets, with ADR down 10.0% to CAD274.79 and RevPAR down 11.6% to CAD206.37, reflecting tough comps to the 2024 Eras Tour.
- Edmonton registered the sharpest occupancy decline among major markets, falling 5.5% to 56.2% in November.
- The results come from CoStar’s extensive hotel sample of more than 90,000 properties and 11.8 million rooms, underscoring event-driven volatility rather than an across-the-board slump.