STR: Canada Hotel RevPAR Above $100 for Three Consecutive Months

STR | May 25, 2023

HENDERSONVILLE, Tennessee—Canada’s hotel revenue per available room (RevPAR) came in above CAD100 for the third consecutive month, according to STR’s April 2023 data.   April 2023 (year-over-year percentage change) Occupancy: 62.7% (+9.3%) Average daily rate (ADR): CAD178.80 (+14.8%) Revenue per available room (RevPAR): CAD112.16 (+25.5%) “Canada’s hotel room rates continued to be the main driver of top-line recovery,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “In April, inflation was stronger than the Bank of Canada expected...