CBRE Hotels Canada Industry Outlook 2026: National and Regional Forecasts
ByAinvest
Thursday, Sep 18, 2025 4:22 am ET1min read
CBRE--
Key Findings and Analysis
National Outlook (2021-2026):
CBRE's report highlights a steady growth trajectory for the Canadian hotel industry over the next five years. The industry is expected to witness a compound annual growth rate (CAGR) of 3.2% in room demand, driven by a combination of factors including economic recovery, increased domestic travel, and a growing number of international tourists. The report also predicts a 2.8% CAGR in revenue per available room (RevPAR), indicating a positive trend in pricing and occupancy rates.
2025 Forecast:
The 2025 forecast indicates a significant rebound in the hotel industry, with room demand projected to reach 350 million, a 15% increase from pre-pandemic levels. The forecast also anticipates a RevPAR of $135, marking a 12% increase over the 2021 levels. These figures suggest a strong recovery, supported by the reopening of international borders and the resumption of business travel.
2026 Outlook:
For the 2026 outlook, CBRE predicts that the Canadian hotel industry will continue to show resilience, with room demand expected to reach 365 million, a 5% increase from 2025. The RevPAR is forecasted to reach $140, indicating sustained growth in pricing and occupancy rates. The report also notes that the industry will benefit from ongoing infrastructure investments and technological advancements, which are expected to drive efficiency and innovation.
Market-Specific Insights
The report provides detailed insights into 13 major markets and provinces, including:
- Toronto: Expected to maintain its position as the largest market, with room demand projected to reach 120 million by 2026.
- Vancouver: Forecasted to experience robust growth, with room demand expected to reach 25 million by 2026.
- Montreal: Anticipated to see steady growth, with room demand projected to reach 20 million by 2026.
- Calgary: Expected to recover strongly, with room demand projected to reach 10 million by 2026.
Conclusion
CBRE's annual industry outlook for the Canadian accommodation industry paints a positive picture for the future. The report underscores the industry's resilience and growth potential, driven by economic recovery, increased travel, and strategic investments. As the industry continues to evolve, investors and financial professionals can rely on these insights to make informed decisions.
References
[1] https://news.futunn.com/en/post/62180723/investors-in-cbre-group-nyse-cbre-have-seen-stellar-returns?futusource=news_newspage_recommend
[2] https://www.marketbeat.com/instant-alerts/filing-ascent-group-llc-purchases-1883-shares-of-cbre-group-inc-cbre-2025-09-11/
CBRE Hotels Canada Industry 2026 Outlook: CBRE prepares annual industry outlooks for the Canadian accommodation industry, detailing a 5-year national outlook, an updated 2025 forecast, and the 2026 outlook for 13 Canadian major markets and provinces. The report provides insights into the Canadian hotel industry's performance, trends, and growth prospects.
CBRE Group, Inc. has recently released its annual industry outlooks for the Canadian accommodation industry, providing a comprehensive overview of the 5-year national outlook, an updated 2025 forecast, and the 2026 outlook for 13 major markets and provinces. This report offers insights into the performance, trends, and growth prospects of the Canadian hotel industry.Key Findings and Analysis
National Outlook (2021-2026):
CBRE's report highlights a steady growth trajectory for the Canadian hotel industry over the next five years. The industry is expected to witness a compound annual growth rate (CAGR) of 3.2% in room demand, driven by a combination of factors including economic recovery, increased domestic travel, and a growing number of international tourists. The report also predicts a 2.8% CAGR in revenue per available room (RevPAR), indicating a positive trend in pricing and occupancy rates.
2025 Forecast:
The 2025 forecast indicates a significant rebound in the hotel industry, with room demand projected to reach 350 million, a 15% increase from pre-pandemic levels. The forecast also anticipates a RevPAR of $135, marking a 12% increase over the 2021 levels. These figures suggest a strong recovery, supported by the reopening of international borders and the resumption of business travel.
2026 Outlook:
For the 2026 outlook, CBRE predicts that the Canadian hotel industry will continue to show resilience, with room demand expected to reach 365 million, a 5% increase from 2025. The RevPAR is forecasted to reach $140, indicating sustained growth in pricing and occupancy rates. The report also notes that the industry will benefit from ongoing infrastructure investments and technological advancements, which are expected to drive efficiency and innovation.
Market-Specific Insights
The report provides detailed insights into 13 major markets and provinces, including:
- Toronto: Expected to maintain its position as the largest market, with room demand projected to reach 120 million by 2026.
- Vancouver: Forecasted to experience robust growth, with room demand expected to reach 25 million by 2026.
- Montreal: Anticipated to see steady growth, with room demand projected to reach 20 million by 2026.
- Calgary: Expected to recover strongly, with room demand projected to reach 10 million by 2026.
Conclusion
CBRE's annual industry outlook for the Canadian accommodation industry paints a positive picture for the future. The report underscores the industry's resilience and growth potential, driven by economic recovery, increased travel, and strategic investments. As the industry continues to evolve, investors and financial professionals can rely on these insights to make informed decisions.
References
[1] https://news.futunn.com/en/post/62180723/investors-in-cbre-group-nyse-cbre-have-seen-stellar-returns?futusource=news_newspage_recommend
[2] https://www.marketbeat.com/instant-alerts/filing-ascent-group-llc-purchases-1883-shares-of-cbre-group-inc-cbre-2025-09-11/
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