Canada’s hotel industry posted its second consecutive month of year-over-year performance increases in February 2026, with Manitoba and Vancouver showing the strongest gains.
According to CoStar data, Canada’s hotel sector recorded year-over-year growth in February 2026, marking a second straight month of improved performance. National occupancy reached 57.9%, up 0.2 percentage points from February 2025. The average daily rate (ADR) increased 4.0% to CAD197.05, and revenue per available room (RevPAR) rose 4.2% to CAD114.18.
Manitoba registered the largest increases among provinces and territories, with occupancy up 7.6% to 66.8%, ADR up 7.8% to CAD 178.28, and RevPAR up 16.0% to CAD 119.17.
Among major markets, Vancouver posted the highest occupancy growth, rising 3.7% to 73.8%, and the largest RevPAR increase, up 7.8% to CAD166.24.
Toronto recorded the steepest decline in occupancy, down 7.2% to 63.8%, but achieved the highest ADR gain among major markets, up 7.2% to CAD229.48.
