After four consecutive months of year-over-year declines, Canada’s hotel industry reported a marginal lift in transient occupancy, according to CoStar’s March 2024 data.
The annual Canada Hotels & Chains Report examines the country's hospitality industry, highlighting its growth despite challenges such as inflation and interest rates.
Canada's hotel industry reported a third consecutive month of occupancy declines but continued growth in average daily rate (ADR), according to CoStar's February 2024 data.
Transient occupancy fell 3.7% year over year, with most of the decline taking place on the weekends, suggesting that individuals are pulling back on discretionary spending
Canada hotel room rate growth outpaced inflation in 2023
As Expected, Canada's Hotel Performance Fell Month over Month, but Continued a Stretch of Year-over-year Growth, According to CoStar's November 2023 Data.
HVS and STR provide a quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (Occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Canada’s hotel industry continued a stretch of year-over-year performance growth, according to CoStar’s September 2023 data.
Although year-over-year growth has moderated from earlier this year, performance improvement in August was still a considerable achievement against stronger metrics from last summer’s ‘revenge travel’ period.
Recent data on the performance metrics of the Canadian hospitality market reveals a compelling story of resilience and recovery tinged with a note of warning on bottom-line conversion.