Montreal hotels prices climbed big time post-covid. A lot of it has to do with Canada's low dollar value. We have been getting a lot of tourists. Europeans and Americans who travel to Canada the cost is to their advantage because of the low Canadian dollar. Trump's tariffs is not helping as more Canadians are travelling inter-provincially rather then to the US.
What’s up with the high hotel prices in Montreal this summer?
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Montreal Hotels Expect Growth Amid Drop in U.S. Visitors
Montreal's hotels continue to perform well, and other hotel deal and development news from Skift's Daily Lodging Report.
dlr.skift.com
"As Montreal enters the second half of the summer season, the city’s tourism industry remains stable, showing comparable results to the previous year. However, there has been a slight dip in U.S. visitors, with numbers down by approximately 7% compared to the same period in 2024. This decline contrasts with Quebec City, which has seen a more significant drop in visitation, estimated at 8% to 10%. The decrease in U.S. tourists is believed to be linked to ongoing trade tensions between the U.S. and Canada. Despite this, Montreal has seen a notable increase in Canadian travelers, with a 15% rise in visitors from across the country, particularly from the Atlantic provinces. One of the driving factors behind Montreal’s continued tourism success is the city’s vibrant summer event calendar. Looking ahead to the remainder of the summer, Tourisme Montreal projects a 2% increase in total visitor numbers. The city’s hospitality sector is showing resilience, with nearly 5% growth in hotel inventory and a steady average hotel occupancy rate of 73%. The demand for accommodations is expected to continue rising, with a forecasted 3.5% increase in visitor numbers during the months of August and September. This increase is largely driven by the upcoming fall cruise season, which is expected to bring tens of thousands of cruise passengers and crew members to Montreal. In addition to leisure tourism, the city is preparing to host several key international conferences and sporting events in the coming months, which will further contribute to Montreal’s tourism growth."
What is contributing to the dynamic growth of Montréal’s hotel supply and demand?
The Montréal hotel market has made a strong comeback from the pandemic, experiencing a 4.6% rise in room supply, in contrast to the declines in Downtown Toronto and Vancouver. This expansion, combined with a rebound in air travel, extensive hotel renovations, and effective tourism promotion, has...
www.hvs.com
"The Montréal hotel market has swiftly rebounded from the pandemic-induced RevPAR decline of 63.0% in 2020. While Downtown Toronto and Downtown Vancouver have experienced over 4.0% loss of hotel room inventory relative to pre-pandemic levels, Downtown Montreal over the same period has gone the opposite direction with 4.6% growth.
Considering the net increase in guestrooms, however, Montréal has emerged as the most resilient market. The hotel industry in Montréal is now undergoing a significant transformation, supported by substantial investments directed toward venue development and refurbishment, as well as highly successful marketing strategies by Tourism Montreal. This article delves into the factors driving this robust transformation and offers insights into the outlook for the market."
I think you’re right on the increased demand from domestic Canadian visitors. Because the impact is stark this summer. Prices went up, but at a relatively small and manageable amount, after COVID. But it was a step function jump this summer. After Trump’s tariffs riled everyone up. I haven’t come up as regularly as before, but I was still there with trips in November, February and April in the last 12 months, and I could still find some reasonable prices at the AC and Courtyard.
Increases of 5-10% are fine, and normal. But it’s closer to 30-50% this summer. If this keeps up, Montreal would do well to look at Vegas as a cautionary tale. Gouge too hard, and people will stop coming.
I do not think they will stop coming. Post-covid everyone has gone crazy to go out and travel as if it is their last day. It been three years and I see no calming down on the horizon. Till the value of the Canadian dollar remains low, there will be no change. A rising Canadian dollar will put the brakes on excessive tourism thus lower hotel prices.
I actually think Mtl hotel prices to be quite reasonable this summer. You’re not getting much better rates elsewhere for the same type of hotel quality. Ottawa area hotels are slightly less than Mtl’s but Toronto’s hotel rates are out of this world! However you can still find decent deals on some good hotels when the Jays are in the road. But when they’re in town? It’s crazy! The best bet is to stay up north in Vaughn, Barrie or Markham & take the Go Train or subway to the game or to downtown Toronto. Or stay near the airport (Mississauga, Etobicoke or Burlington) and do the same thing. Driving into the city is still an option but i have no interest in having to deal with the busiest traffic in North America!
But like i said rates are higher everywhere. Just last week i had to spend $260 to spend one night at a Microtel in central Ontario. That was the best price i could get anywhere if i didn’t want to stay in a dump. So yes Mtl prices are a bit high during the summer tourist season but it could be much worse, trust me. This will be the first summer in the past 40 years that i haven’t visited Toronto at least once during the summer.
But like i said rates are higher everywhere. Just last week i had to spend $260 to spend one night at a Microtel in central Ontario. That was the best price i could get anywhere if i didn’t want to stay in a dump. So yes Mtl prices are a bit high during the summer tourist season but it could be much worse, trust me. This will be the first summer in the past 40 years that i haven’t visited Toronto at least once during the summer.
Yes the hotel prices are high at certain times but not the sole reason as for not coming up to Montreal. It is the caliber and quality of the SPs. The little head downstairs is not listening and on strike so the big head upstairs is in charge right now. Objectivity is taking hold and one is approaching things through logic and not emotion and primal urges.
Now for one if the indy quality is still populated by the Chloe Milan -, Erkia Delarose -, Victoria Belmont - and Alyssa Burciaga - types it would be who cares about the hotel prices as your balls are screaming to burst and bust. Also totally out of the left field hypothetically speaking, say for instance Eleganza and John are still around today and continuing the amazing roster even after all these years you are going to flock up to Montreal and having a good ol' time.
In around 2006 to 2013 the USD to CAD exchange rate was terrible as it was near par and even for a short period of time the CAD was better than the USD. Now taking into account the exchange rate today the prices were pretty much the same compare to back then. This is for the American traveler coming to Montreal. If you are a local this pretty much does not affect you.
Now for one if the indy quality is still populated by the Chloe Milan -, Erkia Delarose -, Victoria Belmont - and Alyssa Burciaga - types it would be who cares about the hotel prices as your balls are screaming to burst and bust. Also totally out of the left field hypothetically speaking, say for instance Eleganza and John are still around today and continuing the amazing roster even after all these years you are going to flock up to Montreal and having a good ol' time.
In around 2006 to 2013 the USD to CAD exchange rate was terrible as it was near par and even for a short period of time the CAD was better than the USD. Now taking into account the exchange rate today the prices were pretty much the same compare to back then. This is for the American traveler coming to Montreal. If you are a local this pretty much does not affect you.
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A few weeks ago I had to travel to the Saratoga Springs, NY area. It is horse racing season right now so the hotel prices were sky high. I ended up paying $321 for a La Quinta in Clifton Park, NY, which is around 25 minutes south of Saratoga Springs. I do not know if there are any La Quintas in Canada but basically they are 3 star properties, although the one in Clifton Park seems to be a newer property so i was not so upset when I got there. To compare it to a Montreal property, it's equivalent in quality to the Hyatt.
Usually when I am in that area outside of racing season I can get a solid hotel for well under $200.
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