Industry Update
Press Release 5 July 2019

STR: Canada Hotel Results For Week Ending 29 June

Canadian hotel occpuancy dipped 1.4% to 72.8%, ADR decreased 1.2% to 175.41 Canadian dollars ($133.96) and RevPAR dropped 2.6% to CA$127.67 (97.50).

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Smith Travel Research

HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 23-29 June 2019, according to data from STR.

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In comparison with the week of 24-30 June 2018, the industry reported the following:

  • Occupancy: -1.4% to 72.8%
  • Average daily rate (ADR): -1.2% to CAD175.41
  • Revenue per available room (RevPAR): -2.6% to CAD127.67

Among the provinces and territories, Newfoundland and Labrador experienced the only double-digit increases in occupancy (+17.1% to 76.1%) and RevPAR (+12.8% to CAD111.21).

Quebec posted the largest lift in ADR (+3.8% to CAD185.74) and the second-largest jump in RevPAR (+7.2% to CAD144.26).

Nova Scotia saw the only double-digit decrease in occupancy (-10.3% to 74.2%) and the steepest decline in ADR (-8.2% to CAD149.81), which resulted in the only double-digit decline in RevPAR (-17.6% to CAD111.20).

Alberta registered the second-largest decrease in RevPAR (-7.1% to CAD98.60)

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About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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