canada hotel results
Canada’s Record-High Hotel ADR Outpaced Inflation in 2023
CoStar Group | January 25, 2024
WASHINGTON – 25 January 2024 – Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 2023 (percentage change from 2022): Occupancy: 65.7% (+7.7%) Average daily rate (ADR): CAD200.08 (+9.7%) Revenue per available room (RevPAR): CAD131.48 (+18.3%) “Canada hotel room rate growth outpaced inflation in 2023, further cementing the hotel sector’s reputation as a strong hedge against the metric,” said La...
STR: Canada Hotel Performance Surpassed Pre-Pandemic Levels in November
STR | January 3, 2023
HENDERSONVILLE, Tennessee—Canada’s hotel performance came in lower than the month prior but showed improved comparisons to 2019, according to STR’s November 2022 data. November 2022 (percentage change from November 2019) Occupancy: 61.0% (+1.6%) Average daily rate (ADR): CAD169.69 (+14.8%) Revenue per available room (RevPAR): CAD104.98 (+16.6%) "Top-line performance recovery showed astounding strength in November, reinforcing that travel is still a priority despite high inflation and a dimming economic outlook," said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the paren...
Canada Hotels Post Best Performance of the Pandemic-Era
STR | July 28, 2022
HENDERSONVILLE, Tennessee—Canada’s hotel performance was the highest of the pandemic-era, with monthly hotel room rates reaching an all-time high, according to STR’s June 2022 data. June 2022 (percentage change from June 2019) Occupancy: 71.7% (-2.8%) Average daily rate (ADR): CAD197.87 (+8.8%) Revenue per available room (RevPAR): CAD141.97 (+5.7%) In addition to the highest ADR level on record, the June RevPAR level was the country’s highest since August 2019, while occupancy was its highest since September 2019. “June was an exceptional month for Canada hotels, with RevPAR exceeding 2019 levels for the first t...
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...
STR: Canada Hotel Results for Week Ending 6 February
STR | February 15, 2021
HENDERSONVILLE, Tennessee — 11 February 2021 — STR data for 31 January through 6 February 2021 showed Canada’s hotel industry with slightly lower occupancy compared with the previous week. 31 January through 6 February 2021 (percentage change from comparable week in 2020): Occupancy: 23.6% (-57.8%) Average daily rate (ADR): CAD105.48 (-28.7%) Revenue per available room (RevPAR): CAD24.87 (-69.9%) Occupancy for previous weeks came in at 23.8% (30 January), 23.0% (23 January), and 22.6% (16 January). For the week ending with 6 February, British Columbia recorded the highest occupancy level (30.0%) among the provinc...
STR: Canada Hotel Results for Week Ending 30 January
STR | February 4, 2021
HENDERSONVILLE, Tennessee — 4 February 2021 — STR data for 24-30 January 2021 showed Canada’s hotel industry with slightly higher occupancy compared with previous weeks. 24-30 January 2021 (percentage change from comparable week in 2020): Occupancy: 23.8% (-58.0%) Average daily rate (ADR): CAD105.34 (-29.2%) Revenue per available room (RevPAR): CAD25.06 (-70.2%) Occupancy for previous weeks came in at 23.0% (23 January), 22.6% (16 January), and 21.0% (9 January). For the week ending with 30 January, British Columbia recorded the highest occupancy level (30.0%) among the provinces. Among the major markets, Vanc...
STR: Canada Hotel Results for Week Ending 23 January
STR | January 28, 2021
HENDERSONVILLE, Tennessee — 28 January 2021 — STR data for 17-23 January 2021 showed Canada’s hotel industry with slightly higher occupancy compared with previous weeks. 17-23 January 2021 (percentage change from comparable week in 2020): Occupancy: 23.0% (-58.0%) Average daily rate (ADR): CAD104.86 (-29.1%) Revenue per available room (RevPAR): CAD24.13 (-70.2%) Occupancy for previous weeks came in at 22.6% (16 January), 21.0% (9 January), and 19.9% (2 January). For the week ending with 23 January, British Columbia recorded the highest occupancy level (29.6%) among the provinces. Among the major markets, Vanco...
STR: Canada Hotel Results for Week Ending 16 January
STR | January 21, 2021
HENDERSONVILLE, Tennessee - 21 January 2021—STR data for 10-16 January 2021 showed Canada’s hotel industry with slightly higher occupancy compared with previous weeks. 10-16 January 2021 (percentage change from comparable week in 2020): Occupancy: 22.6% (-56.7%) Average daily rate (ADR): CAD103.81 (-29.3%) Revenue per available room (RevPAR): CAD23.46 (-69.4%) Occupancy for previous weeks came in at 21.0% (9 January), 19.9% (2 January), and 17.7% (26 December). For the week ending with 16 January, British Columbia recorded the highest occupancy level (30.3%) among the provinces. Among the major markets, Vancouve...
