STR: Canada Hotel Results For Week Ending 1 June
STR data shows Canadian hotel occupancy declined 1% to 72.2%, but a 1.5% ADR increase to 170.87 Canadian dollars ($127.61) drove RevPAR up 0.5% to CA$123.45 ($92.20).
HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 26 May through 1 June 2019, according to data from STR.
In comparison with the week of 27 May through 2 June 2018, the industry reported the following:
- Occupancy: -1.0% to 72.2%
- Average daily rate (ADR): +1.5% to CAD170.87
- Revenue per available room (RevPAR): +0.5% to CAD123.45
Among the provinces and territories, Newfoundland and Labrador experienced the highest rise in occupancy (+8.7% to 62.0%), but the steepest decline in ADR (-8.2% to CAD131.97).
Ontario posted the largest lift in ADR (+5.6% to CAD173.45).
Nova Scotia registered the largest jump in RevPAR (+8.4% to CAD148.61), due primarily to the only other increase in occupancy (+5.8% to 86.4%).
Saskatchewan saw the largest drop in RevPAR (-9.9% to CAD69.56) because of the steepest decrease in occupancy (-8.7% to 57.6%).
Alberta posted the second-largest declines in ADR (-4.5% to CAD145.52) and RevPAR (-6.0% to CAD88.53).
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
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