The Canada Hotels Market was valued at USD 42.34 billion in 2024, and is projected to reach USD 68.56 billion by 2030, rising at a CAGR of 8.50%. As international borders have reopened and traveler confidence has returned, Canada is once again emerging as a prime destination for both leisure and business tourism. This renewed interest in travel is not only a reflection of pent-up demand but also a testament to Canada’s strategic efforts in promoting tourism, enhancing hospitality infrastructure, and positioning itself as a safe and diverse destination for all types of travelers. Major urban centers such as Toronto, Vancouver, and Montreal are leading the charge. Still, the momentum is also evident in smaller towns and resort regions, where occupancy rates are climbing steadily throughout the year.
Tourists from the U.S., Europe, and Asia are returning in greater numbers, drawn by Canada's natural beauty, cultural attractions, and welcoming environment. In particular, the favorable exchange rate has made Canada a cost-effective option for international visitors. At the same time, strategic marketing campaigns by provincial and national tourism boards have highlighted lesser-known destinations and unique experiences. Simultaneously, domestic travel within Canada has remained strong. Many Canadians continue to explore local destinations as an alternative to international travel, contributing to a healthy baseline of occupancy that is bolstered further by seasonal travel peaks such as summer vacations, ski trips, and national holidays.
The business travel segment has also regained momentum, contributing to hotel demand across urban centers. With the resumption of in-person meetings, conferences, trade shows, and corporate events, there has been a notable uptick in bookings for business-oriented hotels and conference venues. This trend is supported by Canada’s stable economy, growing technology and finance sectors, and a reputation for hosting world-class events. Hotels that cater to corporate travelers are enhancing their offerings with upgraded business facilities, digital connectivity, and flexible check-in/check-out options, ensuring they meet the evolving needs of professionals on the move.
Further fueling the demand is the evolution of guest expectations and the industry's ability to adapt. Hotels across Canada are investing in technology, sustainability, and personalization to create more seamless and memorable experiences. Contactless check-in, mobile concierge services, eco-friendly operations, and curated local experiences are now commonplace, especially in newly built or recently renovated properties.
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Tourists from the U.S., Europe, and Asia are returning in greater numbers, drawn by Canada's natural beauty, cultural attractions, and welcoming environment. In particular, the favorable exchange rate has made Canada a cost-effective option for international visitors. At the same time, strategic marketing campaigns by provincial and national tourism boards have highlighted lesser-known destinations and unique experiences. Simultaneously, domestic travel within Canada has remained strong. Many Canadians continue to explore local destinations as an alternative to international travel, contributing to a healthy baseline of occupancy that is bolstered further by seasonal travel peaks such as summer vacations, ski trips, and national holidays.
The business travel segment has also regained momentum, contributing to hotel demand across urban centers. With the resumption of in-person meetings, conferences, trade shows, and corporate events, there has been a notable uptick in bookings for business-oriented hotels and conference venues. This trend is supported by Canada’s stable economy, growing technology and finance sectors, and a reputation for hosting world-class events. Hotels that cater to corporate travelers are enhancing their offerings with upgraded business facilities, digital connectivity, and flexible check-in/check-out options, ensuring they meet the evolving needs of professionals on the move.
Further fueling the demand is the evolution of guest expectations and the industry's ability to adapt. Hotels across Canada are investing in technology, sustainability, and personalization to create more seamless and memorable experiences. Contactless check-in, mobile concierge services, eco-friendly operations, and curated local experiences are now commonplace, especially in newly built or recently renovated properties.
Canada Hotels Market Report Highlights
- Based on price range, the midscale segment accounted for a significant share, due to its ability to offer enhanced amenities like on-site dining and fitness centers at affordable prices, appealing to both cost-conscious and experience-seeking travelers. Additionally, investors favored midscale properties for their resilience and profitability amid rising operational costs and economic uncertainties.
- Based on the ownership model, independent hotels held a substantial share, driven by travelers' increasing preference for unique, personalized, and locally immersive experiences. This trend was further supported by the growth of boutique and eco-friendly accommodation, which resonated with guests seeking authenticity and sustainability in their stays.
- Based on booking mode, the marketplace booking is expected to grow significantly over the coming years, driven by the increasing adoption of online travel agencies and third-party booking platforms. This growth is fueled by travelers' preference for convenient, flexible, and personalized booking experiences, as well as the proliferation of mobile applications and digital tools enhancing user engagement.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Canada Hotels Market Variables, Trends & Scope
Chapter 4. Canada Hotels Market: Consumer Behavior Analysis
Chapter 5. Canada Hotels Market: Price Range Estimates & Trend Analysis
Chapter 6. Canada Hotels Market: Ownership Model Estimates & Trend Analysis
Chapter 7. Canada Hotels Market: Booking Mode Estimates & Trend Analysis
Chapter 8. Canada Hotels Market: Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
The major companies featured in this Canada Hotels market report include:- Marriott International, Inc.
- Accor S.A.
- InterContinental Hotels Group PLC
- Coast Hotels Limited.
- Atlific Hotels.
- Silver Hotel Group
- Four Seasons Hotels Limited
- Hyatt Corporation
- Wyndham Hotel Management, Inc.
- Hilton
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | May 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 42.34 Billion |
| Forecasted Market Value ( USD | $ 68.56 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Canada |
| No. of Companies Mentioned | 11 |
