STR: Canada hotel results for week ending 1 February
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 26 January through 1 February 2020, according to data from STR.
In comparison with the week of 27 January through 2 February 2019, the industry reported the following:
- Occupancy: +0.5% to 56.8%
- Average daily rate (ADR): +0.3% to CAD148.26
- Revenue per available room (RevPAR): +0.8% to CAD84.15
Among the provinces and territories, Nova Scotia reported the largest increases in each of the three key performance metrics: occupancy (+15.1% to 54.4%), ADR (+5.6% to CAD128.73) and RevPAR (+21.5% to CAD69.99).
Saskatchewan experienced the second-highest rise in occupancy (+12.3% to 54.1%), which drove the second-largest jump in RevPAR (+13.5% to CAD63.53).
Quebec posted the second-largest lift in ADR (+1.8% to CAD151.41).
Prince Edward Island saw the only double-digit declines in occupancy (-11.9% to 43.6%) and RevPAR (-12.0% to CAD52.25).
Newfoundland and Labrador registered the steepest drop in ADR (-2.7% to CAD118.07).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 67,000 properties and 9.0 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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 www.costargroup.com.
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