STR: Canada Hotel Results For Week Ending 16 November.
During the week of 10-16 November, Canadian hotel occupancy fell 4.2% to 60%, and while ADR rose 0.5% to 148.96 Canadian dollars ($111.85), RevPAR decreased 3.7% to CA$89.37 ($67.10).
HENDERSONVILLE, Tennessee -The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 10-16 November 2019, according to data from STR.
In comparison with the week of 11-17 November 2018, the industry reported the following:
Occupancy: -4.2% to 60.0%
Average daily rate (ADR): +0.5% to CAD148.96
Revenue per available room (RevPAR): -3.7% to CAD89.37
Among the provinces and territories, Manitoba saw the steepest decline in RevPAR (-18.9% to CAD74.46), due primarily to the largest drop in occupancy (-15.9% to 60.5%).
Nova Scotia reported the largest decrease in ADR (-7.2% to CAD130.09).
Prince Edward Island experienced the only other double-digit drop in occupancy (-13.8% to 38.2%) and the second-steepest decline in RevPAR (-13.7% CAD44.39).
Newfoundland and Labrador registered the only rise in occupancy (+14.5% to 55.3%) and the largest increases in ADR (+3.0% to CAD129.74) and RevPAR (+17.9% to CAD71.72).
Quebec posted the second-largest lift in ADR (+2.8% to CAD158.39), which resulted in the only other jump in RevPAR (+2.6% to CAD101.66).
About STR
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 costargroup.com.
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