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).
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.
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.
In comparison with the week of 25 November through 1 December 2018, the industry reported the following:
- 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).
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CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
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