Canada Hotel Industry
Canada Hotel Industry Records Highest Performance Since September 2023
CoStar Group | June 24, 2024
WASHINGTON – 24 June 2024 – Canada’s hotel industry recorded its highest performance levels in eight months, according to CoStar’s May 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. May 2024 (percentage change from 2023): Occupancy: 69.0% (+0.2%) Average daily rate (ADR): CAD206.39 (+4.5%) Revenue per available room (RevPAR): CAD142.32 (+4.8%) “Improvement in Canada’s hotel room rates drove a RevPAR lift in May,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. “The occupancy lift, however, w...
STR: Canada Hotel Performance Fell in January Amid Latest COVID Concerns
STR | February 23, 2022
HENDERSONVILLE, Tennessee — February 23, 2022 — Canada’s hotel industry reported lower monthly performance levels amid the latest pandemic concerns, according to STR’s January 2022 data. January 2022 (percentage change from January 2019) Occupancy: 32.4% (-35.9%) Average daily rate (ADR): CAD131.72 (-10.6%) Revenue per available room (RevPAR): CAD42.70 (-42.7%) “The Omicron wave and the restrictions that ensued placed added pressure on performance recovery in January,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “T...
STR: Canada Hotel Performance Recovery Continued Slowly in November
STR | December 23, 2021
HENDERSONVILLE, Tennessee — December 23, 2021 — Canada’s hotel industry reported slightly lower performance levels from the month prior, but indexed comparisons with 2019 were better, according to STR’s November 2021 data. Occupancy: 49.7% (-18.4%) Average daily rate (ADR): CAD138.52 (-6.3%) Revenue per available room (RevPAR): CAD68.85 (-23.6%) "Although levels were seasonally lower, Canada's metrics inched closer to pre-pandemic figures," said Laura Baxter, CoStar Group's director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “The RevPAR level was the closest the met...
STR: Canada Hotel Performance Dipped in October
STR | November 23, 2021
HENDERSONVILLE, Tennessee — November 23, 2021 — Canada’s hotel industry reported lower performance levels from the month prior, according to STR’s October 2021 data. The country’s performance levels also remained well below pre-pandemic comparisons from October 2019: Occupancy: 51.0% (-24.4%) Average daily rate (ADR): CAD141.87 (-10.5%) Revenue per available room (RevPAR): CAD72.37 (-32.3%) "Following the typical seasonal pattern, October hotel performance fell month over month, but there was some positive news in the data," said Laura Baxter, CoStar Group's director of hospitality analytics for Canada. Cost...
STR: Canada Hotel Performance Declined in September
STR | October 26, 2021
HENDERSONVILLE, Tennessee — October 26, 2021 — Canada’s hotel industry reported lower performance levels from the month prior, according to STR’s September 2021 data. The country’s performance levels also remained well below pre-pandemic comparisons from September 2019: Occupancy: 58.2% (-20.9%) Average daily rate (ADR): CAD152.87 (-14.8%) Revenue per available room (RevPAR): CAD89.00 (-32.6%) “The typical seasonal pattern and a rise in COVID cases put pressure on demand,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “Hote...
Canada Reports Highest Monthly Performance Since Pandemic
STR | September 22, 2021
HENDERSONVILLE, TN — September 22, 2021 — Canada’s hotel industry reported its highest monthly performance levels since the pandemic, according to STR’s August 2021 data. Even with improvement from previous months, the country’s performance levels remained well below pre-pandemic comparisons from August 2019: Occupancy: 65.4% (-17.0%) Average daily rate (ADR): CAD160.36 (-13.4%) Revenue per available room (RevPAR): CAD104.92 (-28.1%) The occupancy and RevPAR levels were the highest in Canada since October 2019, while the ADR level was the country’s highest since September 2019. “The summer months were...
