Market Report
Calgary Hospitality Market Report
2026 Investment Forecast
Infrastructure and Tourism Investment
Prompts Optimistic Long-Term Outlook
Upside on the horizon amid normalizing fundamentals. Calgary’s hotel market outperformed the nation last year, ranking among the top of Canada’s major metros. Looking ahead, fundamentals will remain solid, with occupancy still above the 2019 benchmark and the average daily rate holding near record highs, though performance is expected to moderate. Room inventory expanded by 2.1 per cent between 2022 and 2025 — well above the national average of 0.7 per cent — which is now placing some downward pressure on occupancy as travellers benefit from more choice. Demand growth will likely be modest in the early part of the year, yet ongoing tensions with the United States are encouraging Canadians to vacation domestically, supporting Alberta’s appeal as an outdoor destination. Corporate travel should also hold resilient, anchored by a strong energy sector and economic diversification, while potential infrastructure projects under the Building Canada Act could provide further upside. Meanwhile, Tourism Calgary has set a long-term goal of doubling visitor spending to $6 billion by 2035. These factors underscore a healthy long-term outlook for Calgary’s hotel sector, despite near-term normalization.
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