STR: Canada Hotel Results For Week Ending 26 October
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 20-26 October 2019, according to data from STR.
- Occupancy: -0.2% to 70.3%
- Average daily rate (ADR): +1.3% to CAD157.72
- Revenue per available room (RevPAR): +1.1% to CAD110.92
Manitoba saw the largest jump in RevPAR (+9.9% to CAD109.41), due primarily to the highest rise in occupancy (+7.5% to 83.3%).
Saskatchewan posted the largest lift in ADR (+8.3% to CAD129.70).
Nova Scotia reported the second-largest increases in occupancy (+7.1% to 79.3%) and RevPAR (+8.0% to CAD118.31).
Prince Edward Island registered the only double-digit decreases in ADR (-10.0% to CAD124.81) and RevPAR (-11.9% to CAD69.90).
Alberta saw the steepest drop in occupancy (-6.7% to 54.8%) as well as the second-largest declines in ADR (-3.4% to CAD133.09) and RevPAR (-9.9% to CAD72.90).
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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