Canadian Hotels' Record High Revenues and Daily Rates
Skift Take
Canada’s hotel industry recorded its highest average daily rate ever in February 2025. But the occupancy rate was slightly only 57.7%, down slightly year-over-year.
The DJIA rose 4 points, Nasdaq was up 83, the S&P 500 was up 9 points, the 10-year treasury yield was down .02 to 4.31%, but lodging stocks were lower. SOHO traded down to another new low and it is well below $1 a share so we aren’t even going to mention it until it either trades up to $1, does the reverse split it needs to be delisted or just fades away. BHR and SHCO had a rough day, both down -6% today.
According to data from CoStar, Canada’s hotel industry recorded its highest ADR and RevPAR in February 2025. The ADR for February was CAD189.27, a 4.2% increase from the previous year. Simultaneously, the RevPAR stood at CAD109.14, marking a 3.7% rise. However, the occupancy rate was slightly lower at 57.7%, a 0.5% decrease from 2024. British Columbia reported the highest occupancy among Canadian provinces and territories at 62.3%, slightly lower than in 2024. Vancouver claimed the top spot among the major markets with an occupancy rate
