Market Report
Ottawa Hospitality Market Report
2026 Investment Forecast
Influx of New Supply to be Absorbed
Amid Stable Demand Dynamics
High-quality deliveries capturing bookings. As of late 2025, hotel rooms under construction as a percentage of existing inventory was 5.4 per cent in Ottawa — above the national reading of 2.0 per cent. This incoming hotel supply — anchored by projects like the MOXY Downtown, the Alt Airport Hotel, a Marriott and the Renaissance — represents a noticeable bump to inventory. Even so, the market’s demand fundamentals suggest this new supply should be absorbed over the medium term. The city benefits from a uniquely stable base of year-round government travel, bolstered by health care, education, and a resilient corporate presence tied to federal contracts and a strong tech sector. Tourism demand is also expanding, with events, festivals and conventions driving an increase in visitor spending. At the same time, strategic initiatives through Ottawa Tourism are creating longer-term opportunities. However, bookings may not be uniform. New, premium, well-located product that is coming online will likely fare best, while older, mid-tier hotels may feel displacement pressure. In short, demand growth looks sufficient to balance openings, but operators at the lower end of the quality spectrum may face some risks.
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