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, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR.
