Canada’s hotel industry report first occupancy increase in four months
WASHINGTON – After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
April 2024 for Canada’s hotel industry (percentage change from 2023):
- Occupancy: 64.0% (+2.7%)
- Average daily rate (ADR): CAD188.39 (+5.1%)
- Revenue per available room (RevPAR)...
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