The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 1-7 March 2020, according to data from STR.
In comparison with the week of 3-9 March 2019, the industry reported the following:
• Occupancy: -5.2% to 56.9%
• Average daily rate (ADR): -0.7% to CAD155.10
• Revenue per available room (RevPAR): -5.8% to CAD88.18
Among the provinces and territories, Manitoba experienced the only double-digit decline in occupancy (-12.1% to 61.2%) and one of the largest decreases in ADR (-3.0% to CAD124.45), which resulted in the steepest drop in RevPAR (-14.7% to CAD76.14).
Alberta matched for the steepest drop in ADR (-3.0% to CAD131.43). The province also saw the second-largest declines in occupancy (-9.9% to 48.1%) and RevPAR (-12.6% to CAD63.19).
New Brunswick registered the third-largest decrease in RevPAR (-7.9% to CAD57.37), due primarily to the third-steepest decline in occupancy (-6.5% to 48.2%).
Prince Edward Island recorded the only increase in occupancy (+15.4% to 34.2%) and the highest rise in RevPAR (+16.3% to CAD39.07).
Quebec posted the largest lift in ADR (+3.2% to CAD148.78).
Saskatchewan reported the only other increase in RevPAR (+0.5% to CAD61.90).
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.
Logos, product and company names mentioned are the property of their respective owners.