Tourism > Canada
STR: Canada hotels achieved record-high ADR and RevPAR in 2022
10 days ago | By Travel Daily News
HENDERSONVILLE, TENNESSEE - Canada's hotel average daily rate and revenue per available room were the highest for any year on record, according to STR ‘s 2022 data.
2022
Occupancy: 61.1%
Average daily rate : CAD181.73
Revenue per available room : CAD111.06
In December specifically, Canada followed its typical seasonal trend with slightly lower occupancy and RevPAR performance than November, but improved comparisons to 2019: occupancy , ADR and RevPAR. During the month, hoteliers benefited from strong group demand related to the United Nations Biodiversity Conference in Montreal and a...
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STR, TE make modest upgrade to first U.S. hotel forecast of 2023
11 days ago | By Travel Daily News
LOS ANGELES - STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast just released at the Americas Lodging Investment Summit. Additionally, a subsequent downward adjustment was made for 2024.
The occupancy projection for this year was lower than the previous forecast by 0.1% while projections for average daily rate and revenue per available room were lifted 0.5% and 0.3%, respectively. For 2024, a 0.3% downgrade in occupancy coupled with a 0.1% lift in ADR meant a RevPAR downgrade of 0.4%.
RevPAR, the key top-line performance metric, was fully recovered in 2022 on...
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