Canada's Hotel Sector Is Booming
Skift Take
Canada's hotel industry reported a third consecutive month of year-over-year performance increases. Dolce by Wyndham is expanding its U.S. footprint with three new hotels. Plus, more hotel deal and development news.
The DJIA fell 80 points on Friday, but Nasdaq surged 1.63% or 398 points while the S&P 500 was up 57 points and the 10 year treasury yield was down .01 to 4.31%. Lodging stocks were modestly higher. SVC rebounded 8% after a rough Thursday, following a negative S&P Global Ratings report on the company.
Canada's hotel industry reported a third consecutive month of year-over-year performance increases, according to March 2026 data from CoStar. March 2026 (percentage change from 2025): Occupancy: 60.6% (+1.9%) ADR: CAD198.37 (+5.8%) RevPAR: CAD120.12 (+7.9%). Among the provinces and territories, Newfoundland and Labrador registered the largest increases across each of the three key performance metrics: Occupancy (+21.1% to 58.2%), ADR (+9.4% to CAD154.84) and RevPAR (+32.5% to CAD90.18). Among the major markets, Vancouver saw the largest performance increases: Occupancy (+7.5% to 77.1%), ADR (+7.4% to CAD231.91) and RevPAR (15.5% to
