Canada Hotel Occupancy
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 RevPAR 54% Recovered in 2021
STR | January 26, 2022
HENDERSONVILLE, Tennessee — January 26, 2022 — Despite stronger performance in the second half of 2021, Canada’s hotel industry reported revenue per available room (RevPAR) that was just 54.1% of the pre-pandemic comparable, according to STR’s year-end data. 2021 (percentage change from 2019) Occupancy: 41.8% (-35.7%) Average daily rate (ADR): CAD139.11 (-15.8%) Revenue per available room (RevPAR): CAD58.10 (-45.9%) In December specifically, Canada followed its typical seasonal trend with slightly lower performance than November, but the country did achieve better pre-pandemic comparisons: occupancy (-13.4%...
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...
STR: Canada Hotel Performance Dipped in October
STR | November 23, 2021
HENDERSONVILLE, Tennessee — November 23, 2021 — Canada’s hotel industry reported lower performance levels from the month prior, according to STR’s October 2021 data. The country’s performance levels also remained well below pre-pandemic comparisons from October 2019: Occupancy: 51.0% (-24.4%) Average daily rate (ADR): CAD141.87 (-10.5%) Revenue per available room (RevPAR): CAD72.37 (-32.3%) "Following the typical seasonal pattern, October hotel performance fell month over month, but there was some positive news in the data," said Laura Baxter, CoStar Group's director of hospitality analytics for Canada. Cost...
STR: Canada Hotel Performance Declined in September
STR | October 26, 2021
HENDERSONVILLE, Tennessee — October 26, 2021 — Canada’s hotel industry reported lower performance levels from the month prior, according to STR’s September 2021 data. The country’s performance levels also remained well below pre-pandemic comparisons from September 2019: Occupancy: 58.2% (-20.9%) Average daily rate (ADR): CAD152.87 (-14.8%) Revenue per available room (RevPAR): CAD89.00 (-32.6%) “The typical seasonal pattern and a rise in COVID cases put pressure on demand,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “Hote...
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 Reaches Pandemic-Era Highs
STR | August 24, 2021
HENDERSONVILLE, Tennessee — August 24, 2021 — Canada’s hotel industry reported its highest monthly performance levels since the pandemic began, according to STR’s July 2021 data. Even with improvement from previous months, the country’s performance levels remained well below pre-pandemic comparisons from July 2019: Occupancy: 54.5% (-27.6%) Average daily rate (ADR): CAD151.31 (-18.2%) Revenue per available room (RevPAR): CAD82.53 (-40.7%) The occupancy and RevPAR levels were the highest in Canada since February 2020, while the ADR level was the country’s highest since December 2019. “Hotels ...
Canadian Lodging Outlook Quarterly 2021-Q2
HVS | August 12, 2021
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. Source: STR Source: STR If you would like detailed hotel performance data for all of Canada, STR offers the Canadian Hotel Review, which is available by annual subscription. For further Information, please contact: [email protected] or +1 (615) 824-8664 ext. 3504. HVS Canada performs major portfolio appraisals and single-asset consulting assignments and valuations from coast to coast. Our professional tea...
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