STR: Canada Hotel Results For Week Ending 20 April
During the week of 14-20 April, Canadian hotel occupancy decreased 11.6% to 57.6%, ADR decreased 0.7% to 147.97 Canadian dollars ($109.93) and RevPAR decreased 12.3% to CA$85.28 ($63.36).
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 14-20 April 2019, according to data from STR.
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 14-20 April 2019, according to data from STR.
In comparison with the week of 15-21 April 2018, the industry reported the following:
- Occupancy: -11.6% to 57.6%
- Average daily rate (ADR): -0.7% to CAD147.97
- Revenue per available room (RevPAR): -12.3% to CAD85.28
Among the provinces and territories, British Columbia registered the only increase in RevPAR (+10.0% to CAD117.82), due primarily to the only double-digit lift in ADR (+11.3% to CAD173.18).
Prince Edward Island posted the only other rise in ADR (+3.1% to CAD123.95).
None of the provinces or territories experienced a rise in occupancy.
Nova Scotia reported the largest declines in each of the three key performance metrics: occupancy (-34.3% to 49.0%), ADR (-17.2% to CAD125.34) and RevPAR (-45.6% to CAD61.43).
Newfoundland and Labrador saw the second-steepest drop in ADR (-13.2% to CAD114.19), which resulted in the second-largest decrease in RevPAR (-28.9% to CAD43.66).
New Brunswick experienced the second-largest decline in occupancy (-19.5% to 44.0%).
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CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
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