STR: Canada Hotel Results For Week Ending 18 May
During the week of 12-18 May, Canadian hotel occupancy dipped 1.7% to 67.2%, but a 3.4% ADR jump to 165.96 Canadian dollars ($122.99) drove RevPAR up 1.6% to CA$111.45 ($82.60).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 12-18 May 2019, according to data from STR.
- Occupancy: -1.7% to 67.2%
- Average daily rate (ADR): +3.4% to CAD165.96
- Revenue per available room (RevPAR): +1.6% to CAD111.45
Among the provinces and territories, Quebec registered the largest increases in each of the three key performance metrics: occupancy (+9.6% to 78.5%), ADR (+11.9% to CAD181.98) and RevPAR (+22.6% to CAD142.92).
British Columbia posted the second-highest rise in ADR (+4.4% to CAD198.88), which resulted in the second-largest jump in RevPAR (+4.3% to CAD141.85).
Prince Edward Island reported the steepest decline in RevPAR (-16.9% to CAD66.21), due primarily to the largest drop in occupancy (-13.6% to 51.3%).
Newfoundland and Labrador registered the largest decrease in ADR (-8.2% to CAD128.42).
Nova Scotia saw the second-steepest drop in RevPAR (-15.8% to CAD96.15).
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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