July 2025 (percentage change from 2024):
- Occupancy: 77.6% (+3.0%)
- Average daily rate (ADR): CAD248.50 (+5.3%)
- Revenue per available room (RevPAR): CAD192.75 (+8.5%)
The year-over-year growth rates across each of the three key performance metrics were Canada’s highest this year. Among the provinces and territories, Manitoba posted the highest increases in each of the three key performance metrics: occupancy (+14.8% to 80.9%), ADR (+14.5% to CAD180.01) and RevPAR (+31.5% to CAD145.71).
Quebec was the only province to show a decline in occupancy (-1.2% to 75.7%). All of the provinces/territories saw an increase in ADR and RevPAR. Among the major markets, Ottawa-Gatineau saw the largest occupancy gain (+6.5% to 74.4%).
Toronto will host several major events in August and September, which are driving increased occupancy on the books. Booking levels are as high as 75.1% and 68.4% for the Oasis shows approaching on 24 and 25 August, respectively. Those levels are up over 20% compared to the same time last year.
The Toronto International Film Festival, which attracted 700k guests last year, is also impacting bookings, which are up nearly 20% compared to last year on the first two nights of the event (4-5 September).
