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STR: Canada hotel results for week ending 23 November

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HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 17-23 November 2019, according to data from STR.

In comparison with the week of 18-24 November 2018, the industry reported the following:

  • Occupancy: +1.2% to 62.7%
  • Average daily rate (ADR): +2.6% to CAD148.71
  • Revenue per available room (RevPAR): +3.9% to CAD93.19

Among the provinces and territories, Prince Edward Island saw the largest increases in each of the three key performance metrics: occupancy (+17.4% to 48.6%), ADR (+6.2% to CAD121.62) and RevPAR (+24.7% to CAD59.14).

Newfoundland and Labrador experienced the only other double-digit rise in occupancy (+12.2% to 56.4%).

Ontario posted the second-highest lift in ADR (+5.8% to CAD158.74).

Quebec registered the second-largest jump in RevPAR (+11.8% to CAD104.60).

Saskatchewan recorded the largest decreases in occupancy (-14.0% to 58.7%) and ADR (-5.0% to CAD119.06), which resulted in the steepest drop in RevPAR (-18.3% to CAD69.94).

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.

About STR
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.


North America Media Contacts:
Nick Minerd
Senior Director, Communications
nminerd@str.com
+1 (615) 824-8664 ext. 3305

Haley Luther
Communications Coordinator
hluther@str.com
+1 (615) 824-8664 ext. 3500

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