STR: Canada Hotel Results — Photo by HHN

HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 24-30 March 2019, according to data from STR.

In comparison with the week of 25-31 March 2018, the industry reported the following:

  • Occupancy: +5.8% to 61.8%
  • Average daily rate (ADR): +1.1% to CAD145.48
  • Revenue per available room (RevPAR): +7.0% to CAD89.87

Among the provinces and territories, Prince Edward Island reported the largest increase in RevPAR (+27.3% to CAD42.59), partially driven by the only double-digit lift in ADR (+10.0% to CAD114.45).

New Brunswick experienced the highest rise in occupancy (+19.6% to 52.9%) and the second-largest jump in RevPAR (+25.4% to CAD64.29).

Nova Scotia saw the third-largest increase in RevPAR (+20.7% to CAD83.39), due primarily to the second-highest increase in occupancy (+16.6% to 64.0%).

The Northwest Territories registered the only double-digit declines in occupancy (-15.4% to 72.7%) and RevPAR (-15.0% to CAD122.46).

Newfoundland and Labrador posted the largest drop in ADR (-7.2% to CAD117.34).

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
STR