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.