Canada Hotel Industry Records Highest Performance Since September 2023

CoStar Group | June 24, 2024

WASHINGTON – 24 June 2024 – Canada’s hotel industry recorded its highest performance levels in eight months, according to CoStar’s May 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. May 2024 (percentage change from 2023): Occupancy: 69.0% (+0.2%) Average daily rate (ADR): CAD206.39 (+4.5%) Revenue per available room (RevPAR): CAD142.32 (+4.8%) “Improvement in Canada’s hotel room rates drove a RevPAR lift in May,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. “The occupancy lift, however, w...