STR: Canada Hotel Results For Week Ending 16 February
Canadian hotel occupancy rose 1.5% to 59.4% during the week of 10-16 February. ADR increased 1.4% to 149.12 Canadian dollars ($113.10) while RevPAR rose 3% to CA$88.57 ($67.18).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 10-16 February 2019, according to data from STR.
In comparison with the week of 11-17 February 2018, the industry reported the following:
• Occupancy: +1.5% to 59.4%
• Average daily rate (ADR): +1.4% to CAD149.12
• Revenue per available room (RevPAR): +3.0% to CAD88.57
Among the provinces and territories, Nova Scotia reported the only double-digit increases in occupancy (+10.5% to 53.4%) and RevPAR (+12.6% to CAD67.51).
Quebec posted the highest jump in ADR (+5.1% to CAD158.07) and the second-largest rises in occupancy (+4.3% to 66.4%) and RevPAR (+9.5% to CAD104.97).
The Northwest Territories experienced the only double-digit decline in occupancy (-15.5% to 80.4%), which resulted in the steepest drop in RevPAR (-13.8% to CAD135.71).
Alberta registered the largest decrease in ADR (-5.1% to CAD132.37).
New Brunswick saw the only other double-digit drop in RevPAR (-10.0% to CAD56.33), due primarily to the second-largest decline in occupancy (-9.6% to 47.5%).
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 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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