Canadian Monthly Hotel Rates in MAR Topped Pre-pandemic Levels for the First Time

According to STR’s MAR 2022 data, Canada’s monthly hotel rates exceeded 2019 levels for the first time since the start of the pandemic. Strong improvements came after nearly all COVID-19 related restrictions were eased across the country, said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada, the parent company of STR.

Baxter added the absolute occupancy level in Canada was the highest for any month in the pandemic since SEP 2021, with the index to 2019 reaching a pandemic-era high at 89, reports Hotel News Resource. STR data shows in the month of MAR 2022 that occupancy reached 53.3 per cent, down 11.2 per cent compared to the same month in 2019. Average daily rate reached CAD $149.73, up 0.7 per cent compared to MAR 2019; while revenue per available room reached CAD $79.87, down 10.5 per cent compared to the same month in 2019.

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