In the final quarter of 2022, revenue per available room, or RevPAR, grew 17% ahead of pre-pandemic levels, signaling the top of the recovery so far and the highest absolute level in any fourth quarter in Canada. The results exceeded Canada’s previous quarterly forecast, contributing to a slight revision upwards.
Despite Economic Headwinds, Hotel Forecast Revised Upwards in Canada
Occupancy Expected To Meet 2019 Benchmark This Year
By Laura Baxter
CoStar AnalyticsFebruary 28, 2023 | 7:13 P.M.
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