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.
