STR: Canada Hotel Results For Week Ending 31 August
Canadian hotel occupancy decreased 1% to 76.9% during the week of 25-31 August. ADR dipped 0.5% to 172.94 Canadian dollars ($131.30), which caused RevPAR to fall 1.6% to CA$132.92 ($100.92).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 25-31 August 2019, according to data from STR.
- Occupancy: -1.0% to 76.9%
- Average daily rate (ADR): -0.5% to CAD172.94
- Revenue per available room (RevPAR): -1.6% to CAD132.92
Among the provinces and territories, New Brunswick saw the only double-digit increase in RevPAR (+11.2% to CAD114.69), due largely to the highest lift in ADR (+5.9% to CAD140.48). The province saw the second-largest increase in occupancy (+5.0% to 81.6%).
Newfoundland and Labrador experienced the highest rise in occupancy (+7.5% to 67.3%), which resulted in the second-largest jump in RevPAR (+6.5% to CAD89.23).
Manitoba registered the steepest decline in RevPAR (-6.9% to CAD90.93).
Alberta posted the largest drop in ADR (-4.0% to CAD160.19).
Ontario reported the steepest decrease in occupancy (-3.9% to 80.6%).
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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