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Topic - Market Report Canada




Market Report Canada

STR Reports Canada Hotel RevPAR Above $100 for Three Consecutive Months

In April, inflation was stronger than the Bank of Canada expected, at 4.4%. But even when comparing the April results to 2019 dollars, real rates increased 2.3%. Growth has been ongoing since July 2022, apart from a slight 1% contraction in January 2023.







Market Report Canada

HVS Canadian Lodging Outlook - 4th Quarter 2022

The Canadian hotel industry roared back in 2022! ADR was 10% higher than 2019 in spite of occupancy remaining 6% lower, resulting in a 3.5% RevPAR lift from pre COVID market performance.