STR: Canada Hotel Rates Exceeded 2019 Levels in March

STR | April 26, 2022

HENDERSONVILLE, Tennessee—Canada’s monthly hotel rates exceeded 2019 levels for the first time since the pandemic began, according to STR’s March 2022 data. March 2022 (percentage change from March 2019) Occupancy: 53.3% (-11.2%) Average daily rate (ADR): CAD149.73 (+0.7%) Revenue per available room (RevPAR): CAD79.87 (-10.5%) "Hotel performance improved significantly with the elimination of nearly all COVID-related restrictions across the country,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “The absolute occupancy level was the hi...