Canada hotels record first transient occupancy increase in four months
WASHINGTON – After four consecutive months of year-over-year declines, Canada’s hotel industry reported a marginal lift in transient occupancy, according to CoStar’s March 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
March 2024 (percentage change from 2023):
- Occupancy: 61.0% (-2.1%)
- Average daily rate (ADR): CAD185.23 (+3.9%)
- Revenue per available room (RevPAR): CAD112.99 (+1.7%)
Transient...
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