STR: Canada Hotel Results For Week Ending 30 November
Canadian hotel occupancy fell 5.1% to 59.3% during the week of 24-30 November, and a 2.1% ADR decline to 144.35 Canadian dollars ($109.67) drove RevPAR down 7% to CA$85.63 ($65.06).
HENDERSONVILLE, Tennessee - The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 24-30 November 2019, according to data from STR.
- Occupancy: -5.1% to 59.3%
- Average daily rate (ADR): -2.1% to CAD144.35
- Revenue per available room (RevPAR): -7.0% to CAD85.63
Among the provinces and territories, Saskatchewan reported the largest increases in each of the three key performance metrics: occupancy (+7.7% to 61.9%), ADR (+5.9% to CAD124.13) and RevPAR (+14.1% to CAD76.83).
Nova Scotia experienced the second-highest rise in occupancy (+6.4% to 62.4%), which resulted in the second-largest jump in RevPAR (+5.9% to CAD78.59).
Prince Edward Island saw the steepest drop in RevPAR (-27.9% to CAD37.57), due primarily to the largest decline in occupancy (-25.8% to 33.8%).
Ontario registered the largest decrease in ADR (-6.1% to CAD150.07).
Manitoba recorded the second-steepest declines in occupancy (-15.4% to 64.4%) and RevPAR (-19.0% to CAD79.96).
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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