STR: Canada hotel results for week ending 8 February
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 2-8 February 2020, according to data from STR.
In comparison with the week of 3-9 February 2019, the industry reported the following:
- Occupancy: -1.7% to 56.1%
- Average daily rate (ADR): +0.2% to CAD148.15
- Revenue per available room (RevPAR): -1.5% to CAD83.18
Among the provinces and territories, Newfoundland and Labrador experienced the only double-digit rise in occupancy (+13.0% to 39.6%), the steepest decline in ADR (-3.1% to CAD116.37) and the largest jump in RevPAR (+9.5% to CAD46.04).
Quebec posted the largest lift in ADR (+3.0% to CAD158.28).
Saskatchewan saw the second-highest increases in occupancy (+3.1% to 56.7%) and RevPAR (+4.1% to CAD68.61).
New Brunswick registered the steepest decline in RevPAR (-11.3% to CAD48.26), due primarily to the only double-digit drop in occupancy (-10.5% to 40.6%)
Prince Edward Island reported the second-largest decreases in occupancy (-9.6% to 41.9%) and RevPAR (-11.0% to CAD49.89).
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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