STR: Canada Hotel Results For Week Ending 23 February
Canadian hotel occupancy decreased 1.1% to 59.9% during the week ending 23 February. ADR increased 0.8% to 149.85 Canadian dollars ($113.60) and RevPAR dipped 0.3% to CAD89.81 ($68.08).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 17-23 February 2019, according to data from STR.
- Occupancy: -1.1% to 59.9%
- Average daily rate (ADR): +0.8% to CAD149.85
- Revenue per available room (RevPAR): -0.3% to CAD89.81
Among the provinces and territories, Prince Edward Island experienced the highest rise in occupancy (+4.5% to 46.1%), which drove the largest jump in RevPAR (+7.7% to CAD54.28).
British Columbia posted the highest jump in ADR (+5.2% to CAD190.64).
Newfoundland and Labrador registered the largest declines in each of the three key performance metrics: occupancy (-15.6% to 37.8%), ADR (-7.8% to CAD120.32) and RevPAR (-22.3% to CAD45.50).
The Northwest Territories reported the only other double-digit drops in occupancy (-11.2% to 81.2%) and RevPAR (-12.2% to CAD134.41).
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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. For more information, please visit str.com.