STR: Canada Hotel Results For Week Ending 28 December

HENDERSONVILLE, Tennessee — The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 22-28 December 2019, according to data from STR.

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In comparison with the week of 23-29 December 2018, the industry reported the following:

  • Occupancy: -5.0% to 40.1%
  • Average daily rate (ADR): -4.2% to CAD161.41
  • Revenue per available room (RevPAR): -9.0% to CAD64.78

Among the provinces and territories, Alberta reported the largest decreases in each of the three key performance metrics: occupancy (-10.2% to 30.6%), ADR (-11.0% to CAD155.43) and RevPAR (-20.1% to CAD47.50).

British Columbia saw the only other double-digit decline in RevPAR (-11.9% to CAD118.54), due primarily to the second-steepest drop in occupancy (-7.5% to 51.8%).

Prince Edward Island posted the second-largest decrease in ADR (-9.3% to CAD92.43).

Newfoundland and Labrador experienced the only double-digit rise in occupancy (+10.5% to 17.5%).

New Brunswick posted the largest lift in ADR (+1.4% to CAD105.56) and the highest jump in RevPAR (+7.8% to CAD25.81).

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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