STR: Canada hotel results for week ending 29 February
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 23-29 February 2020, according to data from STR.
In comparison with the week of 24 February through 2 March 2019, the industry reported the following:
- Occupancy: -1.6% to 59.1%
- Average daily rate (ADR): +0.6% to CAD150.37
- Revenue per available room (RevPAR): -1.0% to CAD88.80
Among the provinces and territories, Nova Scotia experienced the largest decrease in occupancy (-6.2% to 55.4%), which resulted in the steepest decline in RevPAR (-6.1% to CAD68.89).
Manitoba posted the largest drop in ADR (-0.4% to CAD126.40) and the second-steepest decreases in occupancy (-5.5% to 64.5%) and RevPAR (-5.8% to CAD81.47).
Prince Edward Island saw the only double-digit increases in occupancy (+23.9% to 37.1%) and RevPAR (+26.3% to CAD42.60).
Quebec registered the highest lift in ADR (+6.2% to CAD157.20).
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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