Canada Hotel Recovery
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...
