STR: Canada Hotel Results For Week Ending 4 May
During the week of 28 April-4 May, Canadian hotel occupancy increased 2.2% to 68.8%, ADR increased 2.7% to 162.93 Canadian dollars ($120.82) and RevPAR increased 5% to CA$112.16 ($83.17).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 28 April through 4 May 2019, according to data from STR.
- Occupancy: +2.2% to 68.8%
- Average daily rate (ADR): +2.7% to CAD162.93
- Revenue per available room (RevPAR): +5.0% to CAD112.16
Among the provinces and territories, Saskatchewan registered the largest jump in RevPAR (+13.9% to CAD73.86).
British Columbia posted the largest lift in ADR (+7.2% to CAD200.92).
Newfoundland and Labrador experienced the highest rise in occupancy (+19.0% to 55.7%).
Nova Scotia reported the steepest declines in each of the three key performance metrics: occupancy (-7.1% to 66.5%), ADR (-5.0% to CAD142.16) and RevPAR (-11.7% to CAD94.58).
New Brunswick saw the only other decrease in RevPAR (-6.8% to CAD77.31), due primarily to the second-largest drop in occupancy (-6.6% to 61.8%).
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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