STR: Canada Hotel Results For Week Ending 20 April
During the week of 14-20 April, Canadian hotel occupancy decreased 11.6% to 57.6%, ADR decreased 0.7% to 147.97 Canadian dollars ($109.93) and RevPAR decreased 12.3% to CA$85.28 ($63.36).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 14-20 April 2019, according to data from STR.
- Occupancy: -11.6% to 57.6%
- Average daily rate (ADR): -0.7% to CAD147.97
- Revenue per available room (RevPAR): -12.3% to CAD85.28
Among the provinces and territories, British Columbia registered the only increase in RevPAR (+10.0% to CAD117.82), due primarily to the only double-digit lift in ADR (+11.3% to CAD173.18).
Prince Edward Island posted the only other rise in ADR (+3.1% to CAD123.95).
None of the provinces or territories experienced a rise in occupancy.
Nova Scotia reported the largest declines in each of the three key performance metrics: occupancy (-34.3% to 49.0%), ADR (-17.2% to CAD125.34) and RevPAR (-45.6% to CAD61.43).
Newfoundland and Labrador saw the second-steepest drop in ADR (-13.2% to CAD114.19), which resulted in the second-largest decrease in RevPAR (-28.9% to CAD43.66).
New Brunswick experienced the second-largest decline in occupancy (-19.5% to 44.0%).
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. 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.
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