STR: Canada hotel results for week ending 11 January
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 5-11 January 2020, according to data from STR.
In comparison with the week of 6-12 January 2019, the industry reported the following:
- Occupancy: -5.1% to 43.8%
- Average daily rate (ADR): +0.4% to CAD141.23
- Revenue per available room (RevPAR): -4.8% to CAD61.81
Among the provinces and territories, Alberta experienced the only double-digit decline in occupancy (-12.5% to 36.7%), which resulted in the steepest drop in RevPAR (-14.2% to CAD46.23).
Newfoundland and Labrador posted the largest decrease in ADR (-6.9% to CAD115.83) and the only other double-digit decline in RevPAR (-10.8% to CAD37.68).
Saskatchewan saw the second-steepest drop in occupancy (-9.6% to 40.3%).
Quebec reported the only increase in occupancy (+1.4% to 43.4%) and RevPAR (+5.7% to CAD62.67). The province recorded the highest lift in ADR (+4.2% to CAD144.52).
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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