ARLINGTON, Va. – 23 January 2026 – Among the major hotel markets around the world, Shanghai, London and Dubai are projected to open the most hotel rooms in 2026, according to pipeline data from CoStar, a global leading provider of online real estate marketplaces, information, and analytics in the property markets.

Europe

• 2025 openings (actual): 56,043 rooms

• 2026 openings (projected): 123,789 rooms

Leaders in projected 2026 room openings include London (5,822) and Istanbul (3,017).

Asia Pacific

• 2025 openings (actual): 189,471 rooms
• 2026 openings (projected): 251,234 rooms

Shanghai (7,457) and Beijing (3,991) are among the markets with the most projected room openings in the region this year.  

Middle East & Africa

• 2025 openings (actual): 18,273 rooms
• 2026 openings (projected): 54,238 rooms

Top markets by projected 2026 room openings include Dubai (5,053) and Qatar (2,406).

Americas

• 2025 openings (actual): 99,056 rooms
• 2026 openings (projected): 132,479 rooms

The U.S. is led in projected room openings by New York City (4,852) and Phoenix (3,650). Elsewhere in the region, Cancun (1,839) is a top market for new inventory in 2026.   

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

Colliers estimates more than $2.2 billion of hotel transactions nationally in 2025, representing a 11% year-over-year increase with strong pricing across all segments, from limited-service to full-service assets.

See attached the latest INNvestment Canada Hotel Report for preliminary transaction highlights of 2025 in addition to a 2026 outlook for tourism and hotel performance by Laura Baxter, Economist at Tourism Economics.

Attachments:

Colliers INNvestment Canada Hotel Report Q4 2025.pdf

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ARLINGTON, Va. – 21 January 2026– Canada’s hotel industry reported its highest annual top-line performance on record, according to full-year 2025 data from CoStar, a leading global provider of commercial real estate information, analytics, and online property marketplaces.

2025 (percentage change from 2024):

• Occupancy: 66.1% (+0.7%)
• Average daily rate (ADR): CAD216.10 (+3.5%)
• Revenue per available room (RevPAR): CAD142.89 (+4.2%)

Among the provinces and territories, British Columbia reported the highest absolute levels in each of the key performance metrics: occupancy (70.4%), ADR (CAD257.03) and RevPAR (CAD180.92).

Quebec (-1.3%)and Ontario (-0.6%) were the only provinces to see a decline in occupancy, while all of the provinces and territories posted increases in ADR and RevPAR.

Among the major markets, Vancouver registered the highest absolute performance levels: occupancy (78.4%), ADR (CAD284.44) and RevPAR (CAD223.05). Vancouver, however, was the only market to see a decline in room rates (-0.1% to CAD284.44).

Montreal was the only market to record declines in occupancy (-4.5% to 66.6%) and RevPAR (-2.8% to CAD155.87).

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

LONDON, ON, Jan. 21, 2026 /CNW/ - Hard Rock Hotel London, Ontario is proud to announce it is now featured by Forbes Travel Guide, the world-renowned authority on luxury hospitality. This milestone marks the first time a London, Ontario property has been included in the Forbes Travel Guide collection, further positioning the city on the global stage as an emerging luxury destination.

As part of the Forbes Travel Guide community, Hard Rock Hotel London joins an international network of hotels committed to delivering exceptional guest experiences through rigorous service standards, operational excellence, and a culture of continuous improvement. The hotel is now officially listed on the Forbes Travel Guide website as "Soon To Be Rated", representing its eligibility to earn a Star Rating through Forbes Travel Guide's exacting, incognito inspection process.

"Forbes Travel Guide's global recognition places us among an elite group of hotels pushing boundaries in design, service, and experience," said Martha Leach. "This honour is a reflection of our team's passion for delivering unforgettable, music-infused moments to every guest."

As part of its commitment to service excellence, Hard Rock Hotel London is implementing Forbes Travel Guide standards of operation across all departments, with a strong emphasis on leadership development, service training, and consistent execution at every guest touchpoint. The hotel will also engage in ongoing education, benchmarking, and strategic social and media collaboration with Forbes Travel Guide to further elevate the hotel's profile within the luxury travel space.

"We are delighted to welcome Hard Rock Hotel London, Ontario to Forbes Travel Guide's global community of exceptional hotels, representing the confluence of elevated service, unique experiences and superior amenities," said Hermann Elger, CEO of Forbes Travel Guide. "We admire this hotel's colorful character and immersive music theme, and we look forward to it earning its first Star award through our incognito inspection process."

Located within the iconic 100 Kellogg Lane--Canada's largest indoor entertainment complex--Hard Rock Hotel London has quickly established itself as a distinctive lifestyle and luxury offering within Ontario. The hotel blends Hard Rock's globally recognized brand DNA with London's identity as Canada's only UNESCO City of Music, showcasing curated music memorabilia, immersive guest experiences, and innovative food and beverage concepts.

The journey to Forbes Travel Guide Star Rating reflects Hard Rock Hotel London's ongoing evolution and represents an exciting moment for the City of London's tourism and hospitality landscape, signaling growing international recognition and investment in premium travel experiences within the region.

Hard Rock Hotel London, Ontario opened in April 2025 and features 164 guest rooms and suites, a showstopping indoor/outdoor pool, multiple dining and nightlife venues, and signature Hard Rock brand experiences including Sound of Your Stay®, Rock Om®, Body Rock® Fitness Centre, and Unleashed® pet-friendly programming.