STR: Canada Hotel Results For Week Ending 24 August
Canadian hotel occupancy declined 1.5% to 80% during the week of 18-24 August. ADR similarly decreased 1.6% to 177.63 Canadian dollars ($133.54), dragging RevPAR down 3.1% to CA$142.08 ($106.81).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 18-24 August 2019, according to data from STR.
In comparison with the week of 19-25 August 2018, the industry reported the following:
- Occupancy: -1.5% to 80.0%
- Average daily rate (ADR): -1.6% to CAD177.63
- Revenue per available room (RevPAR): -3.1% to CAD142.08
Among the provinces and territories, New Brunswick saw the largest jump in RevPAR (+8.0% to CAD133.06), due primarily to the largest lift in ADR (+4.9% to CAD148.26).
Newfoundland and Labrador experienced the highest rise in occupancy (+3.0% to 73.9%).
Saskatchewan registered the only double-digit declines in occupancy (-10.2% to 59.2%) and RevPAR (-10.6% to CAD67.82).
Nova Scotia posted the largest drop in ADR (-7.0% to CAD162.66), which resulted in the second-steepest decrease in RevPAR (-9.2% to CAD146.04).
Manitoba reported the second-steepest decrease in occupancy (-5.4% to 79.1%).
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.
Nick Minerd
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