STR: Canada Hotel Results For Week Ending 11 January
Hotel occupancy in Canada decreased 5.1% to 43.8% during the week of 5-11 January. ADR rose 0.4% to 141.23 Canadian dollars ($108.30), but RevPAR fell 4.8% to CA$61.81 ($47.39).
HENDERSONVILLE, Tennessee - The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 5-11 January 2020, according to data from STR.
- Occupancy: -5.1% to 43.8%
- Average daily rate (ADR): +0.4% to CAD141.23
- Revenue per available room (RevPAR): -4.8% to CAD61.81
Among the provinces and territories, Alberta experienced the only double-digit decline in occupancy (-12.5% to 36.7%), which resulted in the steepest drop in RevPAR (-14.2% to CAD46.23).
Newfoundland and Labrador posted the largest decrease in ADR (-6.9% to CAD115.83) and the only other double-digit decline in RevPAR (-10.8% to CAD37.68).
Saskatchewan saw the second-steepest drop in occupancy (-9.6% to 40.3%).
Quebec reported the only increase in occupancy (+1.4% to 43.4%) and RevPAR (+5.7% to CAD62.67). The province recorded the highest lift in ADR (+4.2% to CAD144.52).
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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