STR: Canada hotel results for week ending 22 February
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 16-22 February 2020, according to data from STR.
In comparison with the week of 17-23 February 2019, the industry reported the following:
- Occupancy: -2.5% to 58.5%
- Average daily rate (ADR): -0.1% to CAD150.96
- Revenue per available room (RevPAR): -2.6% to CAD88.28
Among the provinces and territories, Prince Edward Island experienced the largest decrease in occupancy (-9.8% to 41.6%).
Newfoundland and Labrador posted the steepest decline in ADR (-2.4% to CAD117.34), but saw the highest rise in occupancy (+7.6% to 40.7%).
Alberta registered the only double-digit drop in RevPAR (-10.9% to CAD68.32), due primarily to the second-largest decrease in occupancy (-9.6% to 50.4%).
Quebec saw the largest jump in RevPAR (+9.1% to CAD108.43), due primarily to the largest lift in ADR (+5.6% to CAD164.63) and the second-highest increase in occupancy (+3.3% to 65.9%).
Saskatchewan recorded the second-largest gain in RevPAR (+5.1% to CAD59.76).
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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