STR: Canada hotel results for week ending 21 December
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 15-21 December 2019, according to data from STR.
In comparison with the week of 16-22 December 2018, the industry reported the following:
- Occupancy: +6.4% to 42.3%
- Average daily rate (ADR): -0.5% to CAD136.60
- Revenue per available room (RevPAR): +5.8% to CAD57.74
Among the provinces and territories, Prince Edward Island reported the largest increases in each of the three key performance metrics: occupancy (+33.2% to 25.2%), ADR (+5.4% to CAD104.13) and RevPAR (+40.5% to CAD26.27).
New Brunswick saw the second-highest jump in RevPAR (+25.0% to CAD38.60), due to the second-largest rises in occupancy (+21.0% to 34.7%) and ADR (+3.4% to CAD111.37).
Nova Scotia registered the third-highest lifts in occupancy (+19.3% to 37.0%) and RevPAR (+19.6% to CAD43.12).
British Columbia recorded the only decrease in RevPAR (-3.5% to CAD76.82) because of the steepest drop in ADR (-4.1% to CAD164.14).
None of the provinces or territories experienced an occupancy decline.
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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