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Canada Motels Achieved File-Excessive Charges and Income per Accessible Room in 2022

Canada’s resort common day by day price (ADR) and income per out there room (RevPAR) have been the very best for any 12 months on report, in response to STR’s 2022 information.

2022 (proportion change from 2019)

  • Occupancy: 61.1% (-6.0%)
  • Common day by day price (ADR): CAD181.73 (+10.0%)
  • Income per out there room (RevPAR): CAD111.06 (+3.5%)

In December particularly, Canada adopted its typical seasonal pattern with barely decrease occupancy and RevPAR efficiency than November, however improved comparisons to 2019: occupancy (+8.4% to 53.3%), ADR (+16.0% to CAD178.15) and RevPAR (+ 25.7% to CAD95.00). Throughout the month, hoteliers benefited from sturdy group demand associated to the United Nations Biodiversity Convention (COP 15) in Montreal and a resurgence in vacation events.

“Canada’s resort business confirmed distinctive restoration in 2022,” mentioned Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. CoStar Group is the mum or dad firm of STR.

“Not solely did ADR and RevPAR return to pre-pandemic ranges, which was a lot quicker than initially anticipated, however each metrics additionally reached report highs,” Baxter mentioned. “The room-rate-led restoration proved to be a profitable technique that resulted in a rebound that was faster than earlier downturns and offered stronger income for a lot of. The opposite key driver of restoration was sturdy transient leisure demand, as households used financial savings from earlier within the pandemic to complement journey and resort spending. Occupancy approached or surpassed 2019 ranges within the second half of the 12 months, however as a result of a a lot slower begin because the omicron wave hit, the full-year stage lagged, down 6% in comparison with 2019. Sure segments have fallen behind others resembling company resort demand because it evolves alongside work traits. Demand from worldwide supply markets had additionally been slower to recuperate – according to the unwinding of pandemic-related restrictions on the border.”

Among the many provinces and territories, British Columbia recorded the very best 2022 occupancy stage (66.5%), which lagged the pre-pandemic comparable by 4.5%.

Among the many main markets, Vancouver recorded the very best occupancy (72.9%), which was 8.2% behind 2019.

New Brunswick (54.7%) noticed the bottom occupancy amongst provinces, down 8.1% in opposition to 2019. On the market-level, the bottom occupancy was reported in Edmonton (51.8%) which was 4.1% beneath the 2019 comparable.

“Though Canada is anticipated to enter a average recession in 2023, the outlook for the nation’s resort business stays constructive, with extra restoration set to happen. Bucking the pattern from final 12 months, year-on-year occupancy development is anticipated to take the main place, whereas ADR development is forecast to tug again however stay in constructive territory,” Baxter mentioned.


STR gives premium information benchmarking, analytics and market insights for the worldwide hospitality business. Based in 1985, STR maintains a presence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, a global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the main supplier of economic actual property info, analytics and on-line marketplaces. For extra info, please go to str.com and costargroup.com.

The above is a information launch written by a 3rd social gathering. Whereas HNN’s editorial mission is to provide distinctive content material, it often publishes well timed, newsworthy information releases to enrich in-house reporting efforts. All information releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.

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