Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter, according to June 2022 data from STR.
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Canada’s monthly hotel performance improved from the previous month yet again, and room rates reached the highest level since September 2019.
Canada’s monthly hotel performance improved once again from the previous month and showed better indexed comparisons, according to STR’s April 2022 data.
Canada’s monthly hotel rates exceeded 2019 levels for the first time since the pandemic began, according to STR’s March 2022 data.
Two of the four world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the first quarter, according to March 2022 data from STR.
Q4 2021 Canadian cap rates and investment insights CBRE Hotels.
Despite stronger performance in the second half of 2021, Canada’s hotel industry reported revenue per available room (RevPAR) just 54.1 per cent of the pre-pandemic comparable, according to STR’s year-end data.
Asia Pacific is the only world region showing increased hotel construction activity in comparison with the end of Q4 last year, according to December 2021 data from STR.
Canada’s hotel industry reported slightly lower performance levels from the month prior, but indexed comparisons with 2019 were better, according to STR’s November 2021 data.