Canada’s hotel industry reported mixed year-over-year (YOY) performance in March, according to data from CoStar.
March 2025 (percentage change from 2024):
Despite a YOY drop in the metric, Canada’s occupancy level was its highest since November 2024. Among the provinces and territories, British Columbia recorded the highest occupancy level (66.8 per cent,) which was 1.4 per cent above 2024.
Among the major markets, Vancouver saw the highest occupancy (72.0 per cent), down 1.7 per cent from March 2024. The lowest occupancy among provinces was reported in P.E.I. (38.4 per cent), up 17.9 per cent against 2024. At the market level, the lowest occupancy was reported in Montreal (-13.9 per cent to 55.0 per cent).
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