STR: Canada Hotel Results For Week Ending 2 March
During the week of 24 February to 2 March, Canadian hotel occupancy rose 1.2% to 60.1%, ADR increased 1% to 148.85 Canadian dollars ($110.85) and RevPAR rose 2.2% to CA$89.46 ($66.62).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 24 February through 2 March 2019, according to data from STR.
In comparison with the week of 25 February through 3 March 2018, the industry reported the following:
• Occupancy: +1.2% to 60.1%
• Average daily rate (ADR): +1.0% to CAD148.85
• Revenue per available room (RevPAR): +2.2% to CAD89.46
Among the provinces and territories, Manitoba registered the largest increase in occupancy (+9.5% to 68.1%), which resulted in the only double-digit jump in RevPAR (+10.7% to CAD85.13).
British Columbia posted the highest jump in ADR (+3.1% to CAD169.09).
Newfoundland and Labrador reported the largest declines in each of the three key performance metrics: occupancy (-22.4% to 38.9%), ADR (-8.2% to CAD120.80) and RevPAR (-28.8% to CAD46.94).
Saskatchewan saw the second-largest drop in RevPAR (-6.8% to CAD61.06).
Prince Edward Island experienced the second-steepest decrease in occupancy (-8.0% to 30.6%).
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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