HENDERSONVILLE, Tenn. — Canada’s monthly hotel performance improved once again from the previous month and showed better indexed comparisons, according to STR’s April 2022 data.
In comparison to April 2019, occupancy came in at 57.6 per cent (down 7.3 per cent), Average Daily Rate (ADR) was $155.80 (up 2.5 per cent) and Revenue Per Available Room (RevPAR) sat at $89.72 (down five per cent).
Among the provinces and territories, B.C. recorded the highest April occupancy level (66.5 per cent), which was 2.1 per cent below the pre-pandemic comparables. Among the major markets, Vancouver saw the highest occupancy (75.5 per cent), which was a 4.8-per-cent decline from 2019. Conversely, the lowest occupancy among provinces was reported in P.E.I. (42.6 per cent), down 24.3 per cent against 2019. At the market level, the lowest occupancy was in Ottawa (54.3 per cent), which was down 18 per cent from 2019.
“Canada experienced its sixth wave of COVID cases in April, but the lack of restrictions allowed hotel performance recovery to remain strong and steady,” says Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. “When looking at weekly performance throughout April, the RevPAR index ranged between 85 and 98 per cent of 2019 levels, with many lagging segments starting to re-bound. Weekend demand continued to lead recovery, driven by leisure travellers. Demand, in fact, has been so strong that weekend occupancy reached pre-pandemic levels for the first time during the month. Weekday results still lag, but dramatic improvements are taking place, signaling the return of corporate travel. From Tuesday to Thursday, occupancy was roughly four percentage points ahead of the previous month. In urban locations, this growth accelerated to eight percentage points each of those days. Additionally, monthly group demand reached its highest level of the pandemic era.”