ARLINGTON, Va. – 22 April 2026 – Canada’s hotel industry reported a third consecutive month of year-over-year performance increases, according to March 2026 data from CoStar, a leading global provider of commercial real estate information, analytics, and online property marketplaces.

March 2026 (percentage change from 2025):

• Occupancy: 60.6% (+1.9%)
• Average daily rate (ADR): CAD198.37 (+5.8%)
• Revenue per available room (RevPAR): CAD120.12 (+7.9%)

Among the provinces and territories, Newfoundland and Labrador registered the largest increases across each of the three key performance metrics: occupancy (+21.1% to 58.2%), ADR (+9.4% to CAD154.84) and RevPAR (+32.5% to CAD90.18). The province’s performance was helped by the Labrador Winter Games.

Among the major markets, Vancouver saw the largest performance increases: occupancy (+7.5% to 77.1%), ADR (+7.4% to CAD231.91) and RevPAR (+15.5% to CAD178.84).

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

TORONTO, ON – The Greater Toronto Hotel Association (GTHA) and GreenStep today announced a landmark partnership to advance sustainable practices across the Greater Toronto Area’s hotel sector. The collaboration will provide GTHA member hotels that choose to participate with a comprehensive pathway to measure, reduce, and communicate their environmental impact – anchored by GreenStep’s proven EcoFund model and supported by a full suite of decarbonization services.

“Our member hotels are ready to lead on sustainability, and this partnership gives them the tools and support to do it effectively. GreenStep brings credibility, practical expertise, and a model that directly ties guest engagement to real environmental outcomes.”

— Sara Anghel, President & CEO, Greater Toronto Hotel Association

The partnership comes at a pivotal moment for the region’s hospitality industry, as hotels face rising expectations from guests, investors, and municipalities to demonstrate meaningful progress on climate commitments. Through this agreement, GTHA members will gain preferred access to GreenStep’s full portfolio of sustainability services, with a particular focus on the EcoFund program – a pioneering guest-contribution model supporting hotels across Canada in delivering measurable impact.

About the EcoFund Program

At the heart of the partnership is GreenStep’s EcoFund, an innovative program that invites hotel guests to make a nightly contribution that is pooled and directed to verified energy, waste or water consumption reduction projects.

EcoFund provides participating hotels with:

• Access to a curated portfolio of financed, eligible energy, water and waste reduction projects
• Transparent reporting and a dedicated marketing collateral kit to communicate impact
• Alignment with globally recognized sustainability standards, including the GSTC

“We’re excited to partner with the Greater Toronto Hotel Association to help hotels across the region accelerate their sustainability journey. EcoFund offers a simple and scalable way for hotels to reduce emissions while inviting guests to be part of the solution. It’s about creating real, measurable impact while also building stronger guest connections and long-term business value.”

— Angela Nagy, President and CEO, GreenStep

A Full Decarbonization Pathway for GTHA Members

Beyond EcoFund, the partnership provides GTHA members with a structured, science-aligned pathway to measure and reduce operational emissions. GreenStep’s services available under the partnership include energy assessments & action plans and carbon footprint measurement.

A Proven Model, Scaled for the GTA

The Greater Toronto Area is home to a dense concentration of internationally branded and independently operated hotels, conference properties, and boutique establishments, making it one of Canada’s most strategically important markets for accelerating hospitality sector decarbonization. The GTHA-GreenStep partnership positions the region’s hotel sector to become a continental leader in sustainable hospitality.

WILMINGTON, Del., April 22, 2026 /PRNewswire/ -- According to the report, the global travel retail market was valued at $52.7 billion in 2021, and is estimated to reach $187.1 billion by 2031, growing at a CAGR of 9.6% from 2022-2031.Travel Retail Market Report (PDF) | Upcoming Travel Retail Information By &Sales Channel: West U.S Africa in 2018 | Allied Market Research has Published a Report We Sourced Global Opportunity "Travel Retail Market by Product Type and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030″ delivers an in-depth analysis of the global travel retail market size, share, key segments regional dynamics competitive landscape growth projections through To Infographic Date range.

Market Size & Growth

If you want to see a global market in detail, the global travel retail market was at $52.7 billion in 2021 and is anticipated to reach around $187.1 billion by 2031 registering CAGR of (9.6) % over the forecast period. It is expected to continue growing on account of the acceleration in international travel post-pandemic, long-term consumer demand for duty-free and luxury goods as well as rapid expansion of airport retail infrastructure in various developed and developing economies. Travel retail includes sales at airports, seaports, railway stations, cruise liners and border shops - each operating in a duty-free or duty-paid operational environment to international travelers.

Key Market Insights

International passenger volumes are surging, exclusive travel-retail-only product SKUs are on the rise and luxury is being democratized by virtue of duty-free duties - all reshaping the industry. With digital pre-ordering, personalization powered by AI, and seamless in-store digital integration - omnichannel strategies are reshaping the consumer shopping experience. The duty-free sector holds the market reigns, but the battle is becoming more prolific with operators pushing hard into high-footfall domestic travel corridors in duty-paid sales.

Market Segmentation

By Product Type

In 2021, Perfume & cosmetics led the way, accounting for just under a third of average global travel retail revenue and this category will maintain virtual ownership through to 2031 - propelled by sustainability trends, growing brand recognition and fireworks around gifting due to duty-free fragrance. The luxury goods segment, is projected to grow at the fastest rate in terms of CAGR (11.8% growth) owing to changing aspirations of consumers accompanied by brand building efforts on behalf of key automotive players. In drinks, wine & spirits continues to do well, with premium houses seeing airport retail as an avenue to introduce exclusive or limited-edition releases.

By Sales Channel

In 2021, airports accounted for the majority share and is expected to continue to lead the market through 2031 backed up by high captive footfall, a wide range of brand portfolios owned by airport operators segment, and growing trend towards digital & omnichannel retail formats. Government-powered passenger expansion programs make railway station channel lead by the fastest-growing. The latter channel is augmented by cruise liner shops and border/hotel stores as the global travel volumes experience greater diversification across borders.

Regional Insights

Asia-Pacific - Dominant & Fastest-Growing

In 2021, Asia-Pacific accounted for leading global travel retail revenue share with nearly two-fifths of total market share, and is anticipated to grow fastest (CAGR of 10.4%) over the period from 2022 to 2031. Main business growth markets are China, Japan, South Korea, India, Australia and only some have Thailand, Malaysia or Indonesia in the picture. In terms of travel retail sales, South Korea led by the Jeju and Incheon duty-free complexes contributes around $12 billion annually. The Hainan Free Trade Port of China has become a world-class duty-free center while international air traffic in India grew at the rate of 22.5% YoY during the period 2023-24, which directly benefited retail footfall for outlets located within airports.

Europe - Premium-Focused Mature Market

Heathrow and Gatwick transit volumes as well as the presence of significant luxury cosmetics and fashion houses help ensure that the UK retains the biggest share in Europe. German CAGR growth in Europe forecasted to lead with the Frankfurt Airport retail push And Europe is where the global luxury headquarters of public companies such as LVMH and H&M are located, and treat travel retail as a strategic battleground-a "showroom" of local stores representing a slice of that mass influencer market worldwide.

North America - Significant Growth Potential

North America is set up for rapid CAGR growth best reflection of increases in holiday destination expenditure from U.S. and Canadian nationals, the forecast continued expansion of airport retail as a channel, and the inclination towards experiential shopping that millennial/travellers show increasingly embracing their preference for experiencing more immersive experiences, with businesses aligning products accordingly gen Z are adopting shops focused on digital-first interactions. U.S. passenger enplanements for February 2024 (alone) came to 82.4 million - a year-on-year increase of 8.6%.

LAMEA - Emerging Opportunity

LAMEA region - driven by Dubai, Riyadh, and São Paulo - remains a new growth market. Dubai Duty Free is one of the world's largest single-airport duty-free operations. Oman: Development of three new airports to key tourist destinations within Oman is a positive signal for Oman's long-term commitment to the travel retail industry & investment in ever-increasing infrastructure for UAE positioned developments over the next decade.

Key Players

Some of the key players operating in global travel retail market include:
• Dufry AG
• Lagardère Travel Retail
• DFS Group (LVMH)
• Lotte Duty Free
• The Shilla Duty Free
• China Duty Free Group (CDFG)
• King Power International Group
• Gebr. Heinemann SE & Co. KG
• Aer Rianta International (ARI)
• The Nuance Group & LS Travel Retail

Such players have undertaken expansions of store footprints, digital transformations, joint ventures and new product launches to fortify their positions in fast-growing global travel corridors.

MENOMONEE FALLS, WIS., (April 21, 2026) — Bradley Company announces the expansion of its popular Elvari® Washroom Accessories Collection with four new accessory models designed to increase restroom design options while supporting greater operational efficiency for facility teams. The new models include a Recessed Combination Unit, Recessed Paper Towel Dispenser, Jumbo Toilet Paper Dispenser, and Free-Standing Waste Receptacle – each featuring Elvari’s refined modern aesthetic with seamless curves, premium stainless-steel construction, and coordinated finish options.

“Elvari has become a preferred accessories collection for designers and specifiers seeking a more elevated, unified restroom environment,” says Melissa Schulz, associate product manager, Bradley Company. “Recognized with multiple product design awards, the collection continues to expand with new Elvari models that broaden coordinated design options while helping facilities improve day-to-day servicing efficiency.”

New Elvari Models Expand Versatility Across Restroom Layouts
Elvari Recessed Combination Unit (Paper towel and waste)

Bradley’s new Elvari recessed combination unit provides a streamlined, all-in-one solution that combines a folded towel dispenser with an integrated waste receptacle. It supports efficient maintenance with a bag retention ring, a concealed BradLock™ magnetic locking system, red low-level indicator, and small/medium/large capacity options.

Elvari Recessed Paper Towel Dispenser

To meet varying restroom configurations and usage demands, the Elvari paper towel dispenser is offered in recessed mounting, with small, medium, and large capacities. Like other Elvari accessories, it features refined construction, a concealed BradLock magnetic locking system and a red low-level indicator to support faster and easier servicing.

Elvari Jumbo Roll Toilet Paper Dispenser

The new Elvari jumbo roll toilet paper dispenser provides a modern alternative to traditional dispensers while maintaining practical capacity for high-traffic facilities. The cabinet holds one jumbo roll up to 10-inch diameter and features a low-level indicator and BradLock magnetic locking system to enhance servicing.

Elvari Free-Standing Waste Receptacle

The new Elvari free-standing waste receptacle supports a premium aesthetic while helping facilities maintain cleaner, more organized restrooms. It features a sleek pill-shaped design, bag retention ring, optional cover, and a 21-gallon capacity suited for high-use environments. For restroom users, its free-standing placement provides convenient, easy-access waste disposal – supporting a cleaner, more functional restroom.

Coordinated Finishes Deliver a Unified Look with Easier Maintenance

Each new model is available in coordinated finish options – Brushed Black, Brushed Stainless, Brushed Bronze, Brushed Brass, Brushed Nickel, and Satin Stainless – making it easy to specify a unified, high-end restroom environment. Elvari’s durable e-coat finishes also support long-term performance in high-traffic facilities by resisting fingerprints, water spots and corrosion – helping accessories stay cleaner-looking and easier to maintain over time.

For more information, visit bradleycorp.com/elvari.