The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 12-18 January 2020, according to data from STR.
In comparison with the week of 13-19 January 2019, the industry reported the following:
• Occupancy: -3.7% to 52.4%
• Average daily rate (ADR): -0.1 to CAD146.51
• Revenue per available room (RevPAR): -3.8% to CAD76.74
Among the provinces and territories, Alberta experienced the steepest decline in occupancy (-15.1% to 42.2%), which resulted in the largest drop in RevPAR (-15.9% to CAD56.00).
Newfoundland and Labrador reported the largest decrease in ADR (-7.2% to CAD113.91) and the second-largest decline in RevPAR (-14.0% to CAD37.71).
Saskatchewan saw the only other double-digit drop in occupancy (-10.1% to 50.6%).
Nova Scotia reported the highest increases in each of the three key performance metrics: occupancy (+3.5% to 44.1%), ADR (+2.6% to CAD123.93) and RevPAR (+6.2% to CAD54.60).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
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