canada hotel market
STR: Canada Hotel Occupancy Reached Three-Year High in August
STR | September 27, 2022
HENDERSONVILLE, Tennessee—Canada’s monthly hotel occupancy reached its highest absolute level for any month since August 2019, according to STR’s August 2022 data. August 2022 (percentage change from July 2019) Occupancy: 76.4% (-3.0%) Average daily rate (ADR): CAD212.38 (+14.6%) Revenue per available room (RevPAR): CAD162.36 (+11.2%) Compared with July, each of the three key performance metrics showed weakened comparisons with 2019. When adjusted for inflation, ADR was up 2.7% against the pre-pandemic comparable. "August is typically the seasonal peak for key performance indicators in Canada," said Laura Baxter,...
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 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...
Canada Reports Highest Monthly Performance Since Pandemic
STR | September 22, 2021
HENDERSONVILLE, TN — September 22, 2021 — Canada’s hotel industry reported its highest monthly performance levels since the pandemic, according to STR’s August 2021 data. Even with improvement from previous months, the country’s performance levels remained well below pre-pandemic comparisons from August 2019: Occupancy: 65.4% (-17.0%) Average daily rate (ADR): CAD160.36 (-13.4%) Revenue per available room (RevPAR): CAD104.92 (-28.1%) The occupancy and RevPAR levels were the highest in Canada since October 2019, while the ADR level was the country’s highest since September 2019. “The summer months were...
STR: Canada Hotel Performance for May 2021
STR | June 24, 2021
HENDERSONVILLE, Tennessee — June 24, 2021 — Canada’s hotel industry reported slightly lower performance from the previous month, according to STR’s May 2021 data. While year-over-year percentage changes show significant increases because of comparison with a pandemic-affected period in 2020, the country’s performance levels remained well below the pre-pandemic comparable of May 2019: Occupancy: 28.1% (-58.6%) Average daily rate (ADR): CAD113.40 (-32.0%) Revenue per available room (RevPAR): CAD31.87 (-71.9%) “Despite subdued performance in May due to continued travel restrictions and lockdown measures, Re...
STR: Canada Hotel Results for Week Ending 28 November
STR | December 3, 2020
HENDERSONVILLE, Tennessee—STR data for 22-28 November 2020 showed Canada’s hotel industry with slightly lower occupancy from the previous week. 22-28 November 2020 (percentage change from comparable week in 2019): Occupancy: 25.7% (-56.6%) Average daily rate (ADR): CAD106.57 (-26.2%) Revenue per available room (RevPAR): CAD27.36 (-68.0%) Occupancy for previous weeks came in at 27.8% (21 November), 27.8% (14 November), and 29.4% (7 November). For the week ending with 28 November, British Columbia recorded the highest occupancy level (29.2%) among the provinces. Among the major markets, Vancouver (27.3%) saw the...
STR: Canada Hotel Results for Week Ending 24 October
STR | October 30, 2020
HENDERSONVILLE, Tennessee—STR data for 18-24 October 2020 showed slightly higher occupancy, but lower rates from prior weeks for Canada’s hotel industry. 18-24 October 2020 (percentage change from comparable week in 2019): Occupancy: 31.1% (-55.6%) Average daily rate (ADR): CAD112.33 (-28.7%) Revenue per available room (RevPAR): CAD34.89 (-68.4%) Occupancy for previous weeks came in at 29.9% (17 October), 32.2% (10 October), and 34.0% (3 October), respectively. For the week ending with 24 October, British Columbia recorded the highest occupancy level (40.2%) among the provinces. Vancouver (35.7%) was the only ...
Canada’s Hotel Industry Shows Lower Performance From Prior Weeks
STR | September 11, 2020
HENDERSONVILLE, Tennessee—STR data for 30 August through 5 September 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while improved, also remain significant. In comparison with the week of 1-7 September 2019, the industry reported the following: Occupancy: -36.5% to 41.9% Average daily rate (ADR): -26.7% to CAD128.13 Revenue per available room (RevPAR): -53.4% to CAD53.65 Occupancy for previous weeks came in at 42.1%, 42.9% and 41.8%, respectively For the week ending with 5 September, two provinces reached a 50% occupancy level: Prince Edward Isl...
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