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​​InnSights Quarterly Hospitality Report​ Q3 2025

11/14/2025
Explore the key dynamics of the Canadian hospitality sector, along with a glance at the hotel cap rates across Canadian markets.

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Across Canada, YTD September 2025 results indicate continued strength in the national accommodation market. Supply growth remains limited, increasing by 0.5%, while demand has outpaced supply, which grew by 1.3%. Strong ADR growth has led to an increase in RevPAR of 4.7% over the first three quarters of the year. 

In the third quarter of 2025, overall demand grew by 2.5%. ADR increased by 5%, resulting in overall RevPAR growth of 7% compared to the same quarter last year. This performance reflects strong occupancy and rate growth across most major markets during the peak summer months between July and September.

Download the full report to learn more. 

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