ARLINGTON, Va. – 20 August 2025 – Canada’s hotel industry reported its highest occupancy level since August 2019, according to July 2025 data from CoStar, a leading global provider of commercial real estate information, analytics, and online property marketplaces.

July 2025 (percentage change from 2024):

• Occupancy: 77.6% (+3.0%)
• Average daily rate (ADR): CAD248.50 (+5.3%)
• Revenue per available room (RevPAR): CAD192.75 (+8.5%)

The year-over-year growth rates across each of the three key performance metrics were Canada’s highest this year.

Among the provinces and territories, Manitoba posted the highest increases in each of the three key performance metrics: occupancy (+14.8% to 80.9%), ADR (+14.5% to CAD180.01) and RevPAR (+31.5% to CAD145.71).

Quebec was the only province to show a decline in occupancy (-1.2% to 75.7%). All of the provinces/territories saw an increase in ADR and RevPAR.

Among the major markets, Ottawa-Gatineau saw the largest occupancy gain (+6.5% to 74.4%).

Toronto will host several major events in August and September, which are driving increased occupancy on the books. Booking levels are as high as 75.1% and 68.4% for the Oasis shows approaching on 24 and 25 August, respectively. Those levels are up over 20% compared to the same time last year.

The Toronto International Film Festival, which attracted 700k guests last year, is also impacting bookings, which are up nearly 20% compared to last year on the first two nights of the event (4-5 September).

For more information about the company and its products and services, please visit www.costargroup.com.

July 2025 - In the context of actioning one of its 12 commitments to sustainability, “In Harmony With All Life On Earth”, endorsed by UNESCO, Relais & Châteaux is calling on the chefs of its 580 properties to remove threatened seafood species from their menus. In its mission to contribute to the protection and development of biodiversity, the Association of independent hotels and restaurants has pledged to contribute to the regeneration and development of marine ecosystems.

“At Relais & Châteaux, we believe that the future of hospitality and gastronomy goes together with protecting biodiversity. This collective initiative to remove threatened marine species from our menus reflects our responsibility as the biggest network of gastronomic restaurants in the world to inspire meaningful change. " Said Laurent Gardinier, President of Relais & Châteaux.

In this year’s efforts, Relais & Châteaux is continuing its actions to protect endangered species by inviting chefs to remove at least one threatened species from their menus, depending on the state of stocks in different regions of the world where the association

operates: North America, Europe, Asia, Africa, South America and Oceania. The members who participate commit to doing so until the stock of the species removed has returned to a healthy level. The 18 species have been selected together with Ethic Ocean, due to their popular local consumption and because their wild stocks are threatened in the region. Under the Association’s radar in North America and Oceania are Blue swimming crab in the Indo-Pacific region (Portunus pelagicus) and Orange roughy (Hoplostethus atlanticus).

Mauro Colagreco, Vice President, Chefs of Relais & Châteaux said, “As chefs, we hold immense responsibility. Every menu shapes habits, influences markets and contributes to defining the future of our oceans. What we refuse to serve is as important as what we choose to highlight: it guides suppliers, influences desirability and therefore inspires change. Let’s all listen to the ocean before it falls silent.”

Relais & Châteaux has endeavored to pursue its mission to contribute to the protection of marine biodiversity since 2009, when the association signed the Ethic Ocean charter. At that time, Relais & Châteaux chefs agreed to remove North-East Atlantic Ocean and Mediterranean Sea bluefin tuna (Thunnus thynnus) from their menus. Thanks to this mobilization, the Association participated to a collective effort to save the population of bluefin tuna from collapse in the North-East Atlantic Ocean and Mediterranean Sea. This species was indeed subject to intense overfishing (including illegal fishing) in the early 1990s, which continued for over 15 years. Thanks to management measures implemented starting in 2007, the status of the Eastern stock has improved since 2010; the stock is now considered not overfished. (ICCAT 2022 and Ifremer 2024). In the same spirit, in 2023, the Association launched an “SOS for Biodiversity” and invited its members to stop serving various eel species. In total, 84% of members have declared to not serve eel, with 34% having removed it from their menu following the call to action of the Association.

“By verifying the sustainability of the species they serve – by checking information such as the scientific name, origin, fishing and farming methods – we hope that Relais & Châteaux chefs can influence not only consumers but also their own suppliers and producers – whether fishers or aquaculture farmers – so that all stakeholders in the supply chain become truly aware of the role they can play in the sustainable management of marine resources. We all have a role to play.” said Gilles Boeuf, President, Ethic Ocean.

CFO Capital is pleased to announce the successful financing of the 290-key dual-branded Hilton Garden Inn Montréal Midtown and Homewood Suites by Hilton Montréal Midtown, fueled by Montréal’s hospitality growth and the rapid development of its thriving Midtown district.  Located on Décarie, this landmark property strengthens the city’s booming hotel market and positions Midtown as a key hub for business and leisure travel.

Built in 2021, the 11-storey, 105,682 SF property offers 133 Homewood Suites and 157 Hilton Garden Inn rooms, 290 underground parking stalls, 10,000 SF of meeting space, and a great restaurant with Brasserie Blandino and a rooftop patio.

Our team of CFO Capital experts is ready to assist with your next acquisition, development, or refinance across Canada.

TORONTO, Aug. 14, 2025 /PRNewswire/ -- Discover the magic of the holidays with , where every visit brings connection, joy, and the unmistakable feeling of being exactly where one belongs. With travellers planning their holiday escapes earlier, now is the perfect time to explore and plan ahead with tailored Four Seasons holiday experiences.

From tropical to city escapes and rustic mountain retreats, enjoy candlelit dinners under a canopy of stars, cozy cocktails by the fire, teddy bear tea parties that delight young guests, or visit festive rooftop villages buzzing with seasonal flavours and cheer. Every unique Four the Season experience is designed with guests in mind to spark joy and create memories that linger long after the holidays, whatever the celebration.

Festive Fun for All Ages: Create New Traditions, Together

Celebrate the season with family-first experiences that awaken wonder, laughter, and holiday connection

• • – Catrina's Fest: Celebrate Día de Muertos at this annual three-day, on-property festival honouring remembrance through art, tradition, and connection. Highlights include an opening night dinner, an evening celebration with themed altars, and a morning remembrance ceremony.
  • – Villa & Residence Rentals Grill & Gather: Celebrate Thanksgiving weekend with a BBQ lunch or dinner when booking a three- to six-bedroom villa: perfect for a festive poolside gathering with family or friends.
  • – Teddy Bear Tea: Celebrate the season with the beloved Teddy Bear Tea, where the littlest of guests can build their own teddy bears and enjoy an interactive afternoon tea experience.
  • – WhoVail Holidays: WhoVail transforms the resort into a Christmas wonderland complete with a gingerbread house backdrop, carols, and festive treats.
  • – Junior Marine Savers: For families dreaming of a blue Christmas, Kuda Huraa offers an unforgettable gift: connection with the ocean. Through the Junior Marine Savers program, children join marine biologists to plant coral frames, care for rescued turtles, and learn about reef regeneration.
  • – Strasbourg Christmas Market Excursion: Embark on a concierge-curated family daytrip to Strasbourg, home to France's most iconic Christmas markets, where crafts, seasonal treats, and holiday charm await around every corner.
  • – Island-Inspired Villa & Residence Rentals Cheer: Make holiday memories with cozy in-villa experiences, including a Thai barbecue, island-inspired ornament crafts, private cinema movie nights with popcorn, and family spa time for parents and kids, including private wellness sessions on your terrace.
  • sh; Gingerbread Kids' Workshop: Budding bakers are invited to decorate festive cookies alongside the hotel's expert pastry team in this hands-on holiday workshop.

Indulge in Flavours of the Season

Four Seasons invites guests to gather, taste, and share in festive culinary creations

• – Loy Krathong Festival: Celebrate Thailand's Festival of Lights with a traditional Kanthok dinner, showcasing the rich flavours of Northern Thai cuisine.
• – Chef Rocco DiSpirito Culinary Residency: Join award-winning Chef Rocco DiSpirito for a three-night culinary residency at EsQuilina, where he presents Caribbean-inspired holiday dishes and festive, hands-on cooking demonstrations in a Mediterranean-style setting.
• – Dining Beneath the Stars: Enjoy a private cliffside dinner at Nueve, a secluded palapa on the ninth hole of the golf course with sweeping ocean views, followed by stargazing through telescopes under Tamarindo's clear night sky.
• – Paniolo Ohana Dinner: Join celebrity Chef Tyler Florence for a sunset culinary celebration featuring premium steaks and locally sourced produce, set beneath the glow of the Hawaiian sky.
• – SÉZANNE Holiday Gifting: SÉZANNE's luxury bakery offers cloud-soft panettone and Valrhona chocolate cookies - elegant seasonal confections perfect for elevated holiday gifting.
• – Panettone della Gherardesca: Savour a festive take on the classic sweet bread, crafted with rosemary, chestnut honey, almonds, and Brazil nuts - an artisanal creation made in collaboration with local Florentine makers.
• – Japanese New Year Celebrations: Welcome the New Year with Toshikoshi soba, a symbolic noodle dish representing the transition from one year to the next.

Raise a Cup, or a Glass, to Festive Moments

From spirited cocktails to artful afternoon teas, Four Seasons bars and lounges are serving up seasonal cheer through immersive beverage experiences designed to delight and inspire

• – ARGO Christmas Cocktail Class: Shake up the season with a spirited eggnog workshop at ARGO, where guests craft both classic and crystal styles using locally distilled Botanical Spirit.
• – Glow Collection Cocktails: Inspired by Let's Glow SF, the city's vibrant projection arts festival, this trio of cocktails - the bold Ne-Glow-Ni, the Glow-Tini, a sparkling celebration in a glass and the cozy Glow-Toddy, perfect for chilly nights.
• – Herend Tea & Decor Workshop: Join bespoke paper artist Edina Németh for a hands-on decoration workshop against the elegant backdrop of the Royal Herend Afternoon Tea ceremony.

• – Winter Wonderland Afternoon Tea: Step into a storybook-style library illuminated with twinkling lights, adorned with festive décor and filled with seasonal sweets to celebrate the holiday season.

• – Tio de Nadal Tea & Crafts: Guests are invited to decorate Tió logs and take part in festive games as part of the hotel's whimsical holiday tea experience, blending seasonal treats with playful Catalan-inspired traditions.
• – Tea + Tree Crafting: Enjoy a festive afternoon tea paired with a hands-on mini-Christmas tree crafting session, framed and ready to be brought home, led by Executive Pastry Chef Yann Roumanille.

Explore Enchanting Festive Installations

Experience winter's magic through festive markets, fireside rituals and lakeside ice rinks – creating moments to cherish

• – Nordic Village: Head to the hotel's rooftop for a festive holiday experience featuring European-inspired Christmas market pop-ups, seasonal cocktails, and dining in heated, Nordic-style cabins with sweeping views of the city skyline.
• – Ice Rodeo: Glide across the hotel's ice-skating rink overlooking Lady Bird Lake or gather for a rinkside meal in a cozy cabin for up to six guests, complete with a festive holiday menu.
• – Fireplace Butler & S'mores: Warm up with s'mores and a private fireplace butler, who kindles the kiva hearth with aromatic piñon wood for the perfect winter evening.
• – Life-Size Gingerbread House: Step into a life-size gingerbread house crafted from real gingerbread bricks and seasonal sweets - a deliciously festive centrepiece in the hotel's arrival lobby.
• – Festive Market: Wander through the resort's lively Festive Market, where handcrafted goods and interactive workshops led by local artisans bring Moroccan holiday spirit to life.

For more festive inspiration, read more . For further details about Four Seasons properties or festive experiences, read .