As the Canadian hotel industry stabilized in 2024, Vancouver stood out from the pack as the nation’s strongest hotel market.
Among major Canadian markets last year, Vancouver had the highest performance in terms of occupancy (78.2 per cent), average daily rate or ADR ($285.21), and revenue per available room or RevPAR ($223.09), according to a Tuesday report from Avison Young (Canada) Inc.
Vancouver bested other hotel markets like Calgary, Edmonton, Toronto, Ottawa and Montreal.
Despite Vancouver’s domination, Edmonton showed momentum, with the highest year-over-year growth in some performance measures. Edmonton’s occupancy grew 3.4 per cent, compared with Vancouver’s negative growth of 0.4 per cent. Edmonton’s…
