STR: Canada Hotel Results For Week Ending 23 November
During the week of 17-23 November, Canadian hotel occupancy rose 1.2% to 62.7%, ADR increased 2.6% to 148.71 Canadian dollars ($112.03) and RevPAR rose 3.9% to CA$93.19 ($70.20).
HENDERSONVILLE, Tennessee - The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 17-23 November 2019, according to data from STR.
In comparison with the week of 18-24 November 2018, the industry reported the following:
- Occupancy: +1.2% to 62.7%
- Average daily rate (ADR): +2.6% to CAD148.71
- Revenue per available room (RevPAR): +3.9% to CAD93.19
Among the provinces and territories, Prince Edward Island saw the largest increases in each of the three key performance metrics: occupancy (+17.4% to 48.6%), ADR (+6.2% to CAD121.62) and RevPAR (+24.7% to CAD59.14).
Newfoundland and Labrador experienced the only other double-digit rise in occupancy (+12.2% to 56.4%).
Ontario posted the second-highest lift in ADR (+5.8% to CAD158.74).
Quebec registered the second-largest jump in RevPAR (+11.8% to CAD104.60).
Saskatchewan recorded the largest decreases in occupancy (-14.0% to 58.7%) and ADR (-5.0% to CAD119.06), which resulted in the steepest drop in RevPAR (-18.3% to CAD69.94).
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.
Nick Minerd
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
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