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On balance, Canadian hotels had a strong performance in 2025

Numbers down from 2024 results that were boosted by Taylor Swift concert demand
The rise of the "buy Canadian" movement in response to U.S. trade policies has translated to "stay Canadian" and benefitted the country's hotel performance in 2025. Shown here is The Ritz-Carlton in downtown Toronto. (CoStar)
The rise of the "buy Canadian" movement in response to U.S. trade policies has translated to "stay Canadian" and benefitted the country's hotel performance in 2025. Shown here is The Ritz-Carlton in downtown Toronto. (CoStar)
CoStar Analytics
27 January 2026 | 13:15

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The Canadian hotel industry turned in a strong performance in 2025, though the year's overall stability masks significant month‑to‑month variation.

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News | On balance, Canadian hotels had a strong performance in 2025