STR: Canada Hotel Results For Week Ending 4 January
Canadian hotel occupancy fell 0.4% to 42.7% during the week of 29 December to 4 January, ADR dipped 0.3% to 166.14 Canadian dollars ($127.14) and RevPAR decreased 0.7% to CA$71.01 ($54.34).
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 29 December 2019 through 4 January 2020, 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 29 December 2019 through 4 January 2020, according to data from STR.
In comparison with the week of 30 December 2018 through 5 January 2019, the industry reported the following:
- Occupancy: -0.4% to 42.7%
- Average daily rate (ADR): -0.3% to CAD166.14
- Revenue per available room (RevPAR): -0.7% to CAD71.01
Among the provinces and territories, Prince Edward Island posted the steepest declines in each of the three key performance metrics: occupancy (-22.1% to 19.9%), ADR (-7.2% to CAD103.33) and RevPAR (-27.7% to CAD20.51).
Alberta saw the only other double-digit declines in occupancy (-11.1% to 31.8%) and RevPAR (-13.8% to CAD48.05).
Newfoundland and Labrador recorded the second-steepest drop in ADR (-4.8% to CAD110.15).
Quebec reported the highest rises in occupancy (+7.7% to 52.3%) and ADR (+7.3% to CAD184.74), which drove the only double-digit jump in RevPAR (+15.6% to CAD96.62).
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CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
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