STR: Canada hotel results for week ending 7 December
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 1-7 December 2019, according to data from STR.
In comparison with the week of 2-8 December 2018, the industry reported the following:
- Occupancy: -2.6% to 59.4%
- Average daily rate (ADR): +0.9% to CAD147.44
- Revenue per available room (RevPAR): -1.8% to CAD87.52
Among the provinces and territories, Prince Edward Island reported the largest increases in each of the three key performance metrics: occupancy (+17.8% to 43.3%), ADR (+4.4% to CAD113.45) and RevPAR (+23.0% to CAD49.12).
Newfoundland and Labrador experienced the second-largest jump in RevPAR (+15.6% to CAD61.82), driven by the second-highest rise in occupancy (+17.0% to 52.2%).
Quebec matched for the steepest decrease in occupancy (-11.2% to 62.5%) and reported the largest drops in ADR (-4.7% to CAD153.48) and RevPAR (-15.3% to CAD95.92).
Manitoba registered the other largest drop in occupancy (-11.2% to 64.3%) and the only other double-digit decrease in RevPAR (-13.4% to CAD80.25). The province also posted the second-steepest decline in ADR (-2.5% to CAD124.83).
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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