Canada Hotel Performance
Market Spotlight on Canada
HotStats | September 8, 2023
By Jeannette King Recent data on the performance metrics of the Canadian hospitality market reveals a compelling story of resilience and recovery tinged with a note of warning on bottom-line conversion. Amidst global challenges, the industry has demonstrated its tenacity, with the Total Revenue Per Available Room (TRevPAR) metric taking center stage in this narrative. In a comparative analysis spanning from 2019 to 2023, the trends underscore the transient nature of the setbacks faced in 2022 and highlight the industry's subsequent rebound. Specifically, the TRevPAR metric, which provides a holistic view of a hotel's revenue-generating ...
Canada Hotel ADR and RevPAR Reached Record Highs in July
oStar Group | August 23, 2023
WASHINGTON – August 23, 2023 – Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to CoStar’s July 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. July 2023 (percentage change from July 2022): Occupancy: 75.6% (+0.1%) Average daily rate (ADR): CAD232.13 (+7.7%) Revenue per available room (RevPAR): CAD175.42 (+7.8%) In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. “Canada’s h...
Canada Hotel ADR and RevPAR Reach All-Time High in June
STR | July 24, 2023
WASHINGTON – July 24, 2023 – Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to CoStar’s June 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. June 2023 (percentage change from June 2022): Occupancy: 74.4% (+3.6%) Average daily rate (ADR): CAD221.86 (+12.0%) Revenue per available room (RevPAR): CAD164.97 (+16.1%) In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. “Canada’s hotel industry ...
STR: Canada Hotel Performance Highest Since September 2022
STR | June 21, 2023
HENDERSONVILLE, Tennessee—Canada’s hotel industry reported its highest performance since September 2022, according to STR’s May 2023 data. May 2023 (year-over-year percentage change) Occupancy: 69.2% (+9.3%) Average daily rate (ADR): CAD197.10 (+15.0%) Revenue per available room (RevPAR): CAD136.32 (+25.7%) “Canada’s hotel room demand exceeded the pre-pandemic comparable for the seventh consecutive month,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “To put the country’s 3% demand growth from 2019 into perspective, the metric ...
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...
STR: Canada Hotel Occupancy Reached Five-Month High in March
STR | April 25, 2023
HENDERSONVILLE, Tennessee—Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data. March 2023 (percentage change from 2019) Occupancy: 62.6% (+4.2%) Average daily rate (ADR): CAD177.72 (+19.6%) Revenue per available room (RevPAR): CAD111.23 (+24.6%) "Canada's hotel performance continued on its upward trajectory in March, with key metric indices showing accelerated growth compared to the first two months of the year," said Laura Baxter, CoStar Group's director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “Notably, the ADR increase against...
STR: Canada’s February Hotel RevPAR Exceeded $100 for the First Time on Record
STR | March 27, 2023
HENDERSONVILLE, Tennessee—Canada’s hotel performance increased from the previous month, with February revenue per available room (RevPAR) exceeding CAD100 for the first time on record, according to STR’s February 2023 data. February 2023 (percentage change from 2019) Occupancy: 59.2% (+0.7%) Average daily rate (ADR): CAD174.62 (+16.5%) Revenue per available room (RevPAR): CAD103.33 (+17.3%) "Canada's hotel performance trends that emerged halfway through 2022 have remained incredibly consistent, and February was no exception," said Laura Baxter, CoStar Group's director of hospitality analytics for Canada. CoStar Grou...
STR: Canada Hotel Performance Surpassed Pre-Pandemic Levels in January
STR | February 23, 2023
HENDERSONVILLE, Tennessee—Canada’s hotel performance fell slightly from the previous month but surpassed the 2019 comparables, according to STR’s January 2023 data. January 2023 (percentage change from 2019) Occupancy: 50.7% (+0.3%) Average daily rate (ADR): CAD167.96 (+14.0%) Revenue per available room (RevPAR): CAD85.11 (+14.2%) “Canada’s hotel industry started off the year on a high note, as performance came in above the 2019 benchmark,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR. “Despite downward pressure on household di...
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