STR: Canada Hotel Results For Week Ending 28 September
Canadian hotel occupancy decreased 4.3% to 76.8% during the week of 22-28 September, and despite a 0.3% ADR increase to 177.22 Canadian dollars ($132.82), RevPAR dropped 4% to CA$136.16 ($102.04).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 22-28 September 2019, according to data from STR.
- Occupancy: -4.3% to 76.8%
- Average daily rate (ADR): +0.3% to CAD177.22
- Revenue per available room (RevPAR): -4.0% to CAD136.16
Among the provinces and territories, British Columbia posted the largest increase in RevPAR (+7.1% to CAD176.96), due to the largest lift in ADR (+8.0% to CAD216.88).
Nova Scotia experienced the only rise in occupancy (+0.4% to 87.9%).
Newfoundland and Labrador saw one of the steepest declines in RevPAR (-15.3% to CAD108.81), largely because of the largest drop in ADR (-8.9% to CAD145.15).
Alberta matched for the largest decrease in RevPAR (-15.3% to CAD97.29), due mostly to the steepest decline in occupancy (-10.6% to 61.9%).
Manitoba reported the only other double-digit decreases in occupancy (-10.1% to 75.5%) and RevPAR (-10.9% to CAD98.77).
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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