STR: Canada Hotel Results For Week Ending 14 September
Canadian hotel occupancy dropped 1.7% to 76.6% during the week of 8-14 September, but a 2.6% ADR increase to 181.85 Canadian dollars ($137.09) drove RevPAR up 0.8% to CA$139.23 ($104.96).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 8-14 September 2019, according to data from STR.
- Occupancy: -1.7% to 76.6%
- Average daily rate (ADR): +2.6% to CAD181.85
- Revenue per available room (RevPAR): +0.8% to CAD139.23
Among the provinces and territories, Quebec posted the largest increase in RevPAR (+7.4% to CAD154.23), due to the largest lift in ADR (+6.5% to CAD189.75).
Nova Scotia experienced the highest rise in occupancy (+5.8% to 92.3%) and the second-largest jump in RevPAR (+6.9% to CAD156.93).
Six of the 10 reporting provinces and territories reported a RevPAR increase.
Alberta registered the steepest decline in RevPAR (-9.6% to CAD98.92), due primarily to the largest drop in ADR (-5.8% to CAD158.92).
Saskatchewan saw the largest decrease in occupancy (-8.9% to 58.6%) and the second-steepest drop in RevPAR (-9.3% to CAD69.48).
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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