STR: Canada Hotel Results For Week Ending 2 February
Canadian hotel occupancy rose 1.8% to 56.6% during the week ending 2 February, while a 2.1% ADR increase to 147.29 Canadian dollars ($111.06) drove RevPAR up 3.9% to CA$83.35 ($62.85).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 27 January through 2 February 2019, according to data from STR.
- Occupancy: +1.8% to 56.6%
- Average daily rate (ADR): +2.1% to CAD147.29
- Revenue per available room (RevPAR): +3.9% to CAD83.35
Among the provinces and territories, Prince Edward Island reported the only double-digit increases in each of the three key performance metrics: occupancy (+61.2% to 49.5%), ADR (+14.0% to CAD119.90) and RevPAR (+83.8% to CAD59.35).
British Columbia experienced the second-highest rise in occupancy (+5.1% to 62.2%), which drove the second-largest jump in RevPAR (+8.8% to CAD105.42).
The Northwest Territories posted the third-largest increase in RevPAR (+8.3% to CAD132.05).
Newfoundland and Labrador registered the steepest decreases in each of the three key performance metrics: occupancy (-8.4% to 40.2%), ADR (-4.0% to CAD123.67) and RevPAR (-12.0% to CAD49.68).
Quebec posted the second-largest declines in occupancy (-4.4% to 55.8%) and RevPAR (-4.0% to CAD82.99).
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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