STR: Canada hotel results for week ending 15 February
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 9-15 February 2020, according to data from STR.
In comparison with the week of 10-16 February 2019, the industry reported the following:
- Occupancy: +0.4% to 59.6%
- Average daily rate (ADR): +0.5% to CAD151.23
- Revenue per available room (RevPAR): +0.9% to CAD90.17
Among the provinces and territories, Saskatchewan saw the largest jump in RevPAR (+9.1% to CAD59.75), due primarily to the highest rise in occupancy (+5.7% to 51.1%).
Quebec posted the largest lift in ADR (+3.4% to CAD165.11) and the second-largest increase in RevPAR (+4.8% to CAD111.04).
Prince Edward Island experienced the steepest decrease in occupancy (-3.7% to 36.5%), which resulted in the largest decline in RevPAR (-4.4% to CAD43.72).
Newfoundland and Labrador registered the steepest drop in ADR (-5.7% to CAD116.39).
Alberta reported the only other decline in occupancy (-3.5% to 50.7%) and the second-largest decrease in RevPAR (-3.7% to CAD69.03).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 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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