Industry Update
Press Release 4 October 2019

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).

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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.

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In comparison with the week of 23-29 September 2018, the industry reported the following:

  • 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).

About STR

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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