Following seasonal patterns, Canada’s hotel performance fell from the September but average daily rate (ADR) and revenue per available room (RevPAR) were higher than the pre-pandemic comparables, according to STR’s October 2022 data.
October 2022 (percentage change from October 2019)
- Occupancy: 66.8% (-1.0%)
- Average daily rate (ADR): CAD179.70 (+13.3%)
- Revenue per available room (RevPAR): CAD120.05 (+12.3%)
“With the height of summer travel behind us, Canada’s lower hotel performance in October was expected,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the parent company of STR.