STR: Canada hotel results for week ending 28 December
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 22-28 December 2019, according to data from STR.
In comparison with the week of 23-29 December 2018, the industry reported the following:
- Occupancy: -5.0% to 40.1%
- Average daily rate (ADR): -4.2% to CAD161.41
- Revenue per available room (RevPAR): -9.0% to CAD64.78
Among the provinces and territories, Alberta reported the largest decreases in each of the three key performance metrics: occupancy (-10.2% to 30.6%), ADR (-11.0% to CAD155.43) and RevPAR (-20.1% to CAD47.50).
British Columbia saw the only other double-digit decline in RevPAR (-11.9% to CAD118.54), due primarily to the second-steepest drop in occupancy (-7.5% to 51.8%).
Prince Edward Island posted the second-largest decrease in ADR (-9.3% to CAD92.43).
Newfoundland and Labrador experienced the only double-digit rise in occupancy (+10.5% to 17.5%).
New Brunswick posted the largest lift in ADR (+1.4% to CAD105.56) and the highest jump in RevPAR (+7.8% to CAD25.81).
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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