STR: Canada Hotel Results For Week Ending 9 February
During the week of 3-9 February, Canadian hotel occupancy was mostly flat (-0.1% to 57.1%), while ADR rose 1.6% to 147.03 Canadian dollars ($110.54) and RevPAR rose 1.5% to CA$84.01 ($63.16).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 3-9 February 2019, according to data from STR.
In comparison with the week of 4-10 February 2018, the industry reported the following:
- Occupancy: -0.1% to 57.1%
- Average daily rate (ADR): +1.6% to CAD147.03
- Revenue per available room (RevPAR): +1.5% to CAD84.01
Among the provinces and territories, Prince Edward Island reported the largest year-over-year increases in occupancy (+7.7% to 46.4%) and the only double-digit rise in RevPAR (+13.2% to CAD56.08).
British Columbia posted the highest jump in ADR (+5.4% to CAD171.87) and the second-largest lift in RevPAR (+9.3% to CAD108.93).
Newfoundland and Labrador reported the steepest declines across the three key performance metrics: occupancy (-11.9% to 35.9%), ADR (-4.2% to CAD122.98) and RevPAR (-15.7% to CAD44.13).
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
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