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 Group is the parent company of STR.
