STR: Canada Hotel Results For Week Ending 11 May
Canadian hotel occupancy dipped 0.8% to 67.1% during the week of 5-11 May, and despite a 0.3% ADR lift to 162.74 Canadian dollars ($121.19), RevPAR fell 0.5% to CA$109.15 ($81.28).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 5-11 May 2019, according to data from STR.
In comparison with the week of 6-12 May 2018, the industry reported the following:
• Occupancy: -0.8% to 67.1%
• Average daily rate (ADR): +0.3% to CAD162.74
• Revenue per available room (RevPAR): -0.5% to CAD109.15
Among the provinces and territories, Quebec registered the largest jump in RevPAR (+10.9% to CAD110.72), due primarily to the largest lift in ADR (+6.1% to CAD166.42).
Nova Scotia experienced the highest rise in occupancy (+9.3% to 69.0%), which resulted in the only other double-digit increase in RevPAR (+10.8% to CAD102.05).
Prince Edward Island saw the steepest declines in occupancy (-18.8% to 57.1%) and RevPAR (-21.3% to CAD78.28). The province reported the second-largest decrease in ADR (-3.1% to CAD137.13).
Newfoundland and Labrador reported the only double-digit drop in ADR (-13.3% to CAD126.12) and the second-largest drop in RevPAR (-12.9% to CAD64.04).
Alberta posted the second-steepest decline in occupancy (-3.7% to 54.7%).
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
