STR: Canada hotel results for week ending 30 November
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 24-30 November 2019, according to data from STR.
In comparison with the week of 25 November through 1 December 2018, the industry reported the following:
- Occupancy: -5.1% to 59.3%
- Average daily rate (ADR): -2.1% to CAD144.35
- Revenue per available room (RevPAR): -7.0% to CAD85.63
Among the provinces and territories, Saskatchewan reported the largest increases in each of the three key performance metrics: occupancy (+7.7% to 61.9%), ADR (+5.9% to CAD124.13) and RevPAR (+14.1% to CAD76.83).
Nova Scotia experienced the second-highest rise in occupancy (+6.4% to 62.4%), which resulted in the second-largest jump in RevPAR (+5.9% to CAD78.59).
Prince Edward Island saw the steepest drop in RevPAR (-27.9% to CAD37.57), due primarily to the largest decline in occupancy (-25.8% to 33.8%).
Ontario registered the largest decrease in ADR (-6.1% to CAD150.07).
Manitoba recorded the second-steepest declines in occupancy (-15.4% to 64.4%) and RevPAR (-19.0% to CAD79.96).
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.
North America Media Contacts:
Senior Director, Communications
+1 (615) 824-8664 ext. 3305
+1 (615) 824-8664 ext. 3500