STR: Canada Hotel Results For Week Ending 7 September
Canadian hotel occupancy decreased 3.6% to 66.1% during the first week of September, and despite a 0.2% ADR increase to 174.67 Canadian dollars ($132.20), RevPAR declined 3.4% to CA$115.39 ($87.33).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 1-7 September 2019, according to data from STR.
In comparison with the week of 2-8 September 2018, the industry reported the following:
- Occupancy: -3.6% to 66.1%
- Average daily rate (ADR): +0.2% to CAD174.67
- Revenue per available room (RevPAR): -3.4% to CAD115.39
Among the provinces and territories, British Columbia saw the largest jump in RevPAR (+2.7% to CAD156.12), due to the largest lift in ADR (+3.3% to CAD209.88).
Quebec posted the only other increases in ADR (+1.9% to CAD172.59) and RevPAR (+0.9% to CAD120.16).
None of the provinces or territories experienced an occupancy increase.
Prince Edward Island registered the only double-digit decline in occupancy (-20.9% to 68.3%), which resulted in the only double-digit decrease in RevPAR (-21.1% to CAD118.07).
Newfoundland and Labrador reported the largest drop in ADR (-4.5% to CAD131.62).
New Brunswick experienced the second-steepest decrease in occupancy (-8.8% to 60.3%).
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
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
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