Canada Hotel Performance Rose in February Amid Loosened Restrictions

STR | March 23, 2022

HENDERSONVILLE, Tennessee — March 23, 2022 — Canada’s hotel industry reported higher performance from the month prior, along with better indexed comparisons with 2019, according to STR’s February 2022 data. February 2022 (percentage change from February 2019) Occupancy: 44.0% (-25.1%) Average daily rate (ADR): CAD144.83 (-3.4%) Revenue per available room (RevPAR): CAD63.75 (-27.7%)   “Canada’s hotel performance improved significantly month over month, as COVID cases fell and gathering restrictions were loosened,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Grou...