STR: Canada Hotel Results For Week Ending 5 October
During the week of 29 September through 5 October, Canadian hotel occupancy fell 3.3% to 72.2%, ADR dipped 1% to 165.15 Canadian dollars ($124) and RevPAR decreased 4.3% to CA$119.17 ($89.48).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 29 September through 5 October 2019, according to data from STR.
- Occupancy: -3.3% to 72.2%
- Average daily rate (ADR): -1.0% to CAD165.15
- Revenue per available room (RevPAR): -4.3% to CAD119.17
Among the provinces and territories, Newfoundland and Labrador saw the only double-digit increases in occupancy (+25.4 to 71.6%) and RevPAR (+33.0% to CAD104.95).
Manitoba posted the highest lift in ADR (+6.3% to CAD132.54), which resulted in the second-largest jump in RevPAR (+6.2% to CAD101.49).
Nova Scotia experienced the only other rise in occupancy (+0.3% to 79.7%).
British Columbia registered the steepest decline in RevPAR (-8.0% to CAD135.99), due primarily to the largest drop in occupancy (-6.6% to 74.1%).
Alberta reported the second-largest decreases in ADR (-3.8% to CAD150.73) and RevPAR (-6.7% to CAD88.18).
Additional Performance Data
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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