STR: Canada Hotel Results For Week Ending 19 January
During the week of 13-19 January, Canadian hotel occupancy decreased 1.1% to 54.6%, but a 3% ADR increase to 146.36 Canadian dollars ($109.66) raised RevPAR 1.9% to CA$79.98 ($59.92).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 13-19 January 2019, according to data from STR.
In comparison with the week of 14-20 January 2018, the industry reported the following:
- Occupancy: -1.1% to 54.6%
- Average daily rate (ADR): +3.0% to CAD146.36
- Revenue per available room (RevPAR): +1.9% to CAD79.98
Among the provinces and territories, Saskatchewan reported the largest increase in RevPAR (+22.8% to CAD66.55), due primarily to the only double-digit rise in occupancy (+15.7 % to 55.6%).
British Columbia posted the largest lift in ADR (+7.8% to CAD174.07), which resulted in the only other double-digit jump in RevPAR (+10.0% to CAD104.70).
Prince Edward Island saw the second-largest lift in ADR (+7.4% to CAD117.69), but the second-largest drop in occupancy (-15.2% to 31.2%).
The Northwest Territories registered the steepest decreases in occupancy (-25.1% to 58.1%) and RevPAR (-25.8% to CAD97.38).
Newfoundland and Labrador reported the largest decline in ADR (-6.0% to CAD123.21) and the second-largest drop in RevPAR (-12.2% to CAD45.67).
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
STR