STR: Canada Hotel Results For Week Ending 2 November
Canadian hotel occupancy fell 1.2% to 58.4%, ADR increased 1.5% to 147.89 Canadian dollars ($112.26) and RevPAR rose 0.3% to CA$86.42 ($65.60) during the week of 27 October through 2 November.
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 27 October through 2 November 2019, according to data from STR.
- Occupancy: -1.2% to 58.4%
- Average daily rate (ADR): +1.5% to CAD147.89
- Revenue per available room (RevPAR): +0.3% to CAD86.42
Among the provinces and territories, Quebec saw the largest jump in RevPAR (+8.9% to CAD101.53), driven by the highest rise in occupancy (+5.5% to 63.4%).
Manitoba posted the largest lift in ADR (+3.3% to CAD123.87).
Newfoundland and Labrador registered the steepest declines in ADR (-8.1% to CAD122.50) and RevPAR (-17.0% to CAD55.94).
New Brunswick experienced the only double-digit drop in occupancy (-11.7% to 49.5%), which resulted in the second-largest decrease in RevPAR (-12.5% to CAD59.16).
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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