STR: Canada Hotel Results For Week Ending 25 January
Canadian hotel occupancy decreased 1.7% to 54.8% during the week of 19-25 January, and despite a 1% ADR increase to 147.68 Canadian dollars ($111.73), RevPAR dipped 0.8% to CA$80.91 ($61.21).
HENDERSONVILLE, Tennessee - The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 19-25 January 2020, according to data from STR.
In comparison with the week of 20-26 January 2019, the industry reported the following:
- Occupancy: -1.7% to 54.8%
- Average daily rate (ADR): +1.0% to CAD147.68
- Revenue per available room (RevPAR): -0.8% to CAD80.91
Among the provinces and territories, Prince Edward Island experienced the only double-digit rise in occupancy (+25.8% to 30.6%), which drove the largest jump in RevPAR (+28.7% to CAD34.14).
Quebec posted the highest lift in ADR (+4.6% to CAD152.75).
Saskatchewan saw the only other double-digit increase in RevPAR (+10.6% to CAD65.87), due primarily to the second-highest rise in occupancy (+9.2% to 56.4%).
Newfoundland and Labrador reported the steepest declines in each of the three key performance metrics: occupancy (-29.1% to 25.2%), ADR (-7.9% to CAD109.44) and RevPAR (-34.7% to CAD27.53).
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.
Haley Luther
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