STR: Canada hotel results for week ending 9 November
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 3-9 November 2019, according to data from STR.
In comparison with the week of 4-10 November 2018, the industry reported the following:
- Occupancy: -1.7% to 64.7%
- Average daily rate (ADR): +0.6% to CAD150.54
- Revenue per available room (RevPAR): -1.1% to CAD97.37
Among the provinces and territories, Quebec registered the highest increase in RevPAR (+7.8% to CAD111.67).
Newfoundland and Labrador experienced the only double-digit rise in occupancy (+10.2% to 56.4%), but the largest drop in ADR (-3.4% to CAD123.97).
Manitoba posted the highest lift in ADR (+3.5% to CAD128.40).
New Brunswick registered the steepest decline in occupancy (-9.8% to 59.1%), which resulted in the largest decrease in RevPAR (-9.7% to CAD71.87).
Alberta saw the second-largest drop in RevPAR (-5.1% to CAD74.17).
British Columbia reported the second-steepest decrease in occupancy (-4.4% to 61.7%).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 66,000 properties and 8.9 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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