For the week ending 22 February, Canadian hotels reported a 2.5% year-over-year decrease in occupancy to 58.5% and a 0.1% dip in average daily rate, which resulted in a 2.6% decline in revenue per available room.
HENDERSONVILLE, Tennessee – The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 16-22 February 2020, according to data from STR.
In comparison with the week of 17-23 February 2019, the industry reported the following:
- Occupancy: -2.5% to 58.5%
- Average daily rate (ADR): -0.1% to CAD150.96
- Revenue per available room (RevPAR): -2.6% to CAD88.28
Among the provinces and territories, Prince Edward Island experienced the largest decrease in occupancy (-9.8% to 41.6%).
Newfoundland and Labrador posted the steepest decline in ADR (-2.4% to CAD117.34), but saw the highest rise in occupancy (+7.6% to 40.7%).
Alberta registered the only double-digit drop in RevPAR (-10.9% to CAD68.32), due primarily to the second-largest decrease in occupancy (-9.6% to 50.4%).
Quebec saw the largest jump in RevPAR (+9.1% to CAD108.43), due primarily to the largest lift in ADR (+5.6% to CAD164.63) and the second-highest increase in occupancy (+3.3% to 65.9%).
Saskatchewan recorded the second-largest gain in RevPAR (+5.1% to CAD59.76).
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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