Canada's hotel industry records transient occupancy growth in March 2024, with a 1.7% RevPAR rise to CAD112.99.
Canada's hotel industry experienced its first increase in transient occupancy in four months, as reported by CoStar in March 2024 data. Revenue per available room (RevPAR) increased by 1.7% to CAD112.99. Transient occupancy growth indicates individuals continued traveling during March break and holidays. However, group demand decreased year over year due to a calendar shift, as corporate events avoided Easter and March break.
April 23, 2024
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