STR: Canada Hotel Results For Week Ending 26 January

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STR: Canada Hotel Results For Week Ending 26 January

In comparison with the week of 21-27 January 2018, the industry reported the following:

• Occupancy: -1.0% to 55.9%
• Average daily rate (ADR): +0.9% to CAD145.46
• Revenue per available room (RevPAR): -0.2% to CAD81.27

Among the provinces and territories, Alberta experienced the highest rise in occupancy (+4.9% to 49.6%), which resulted in the largest increase in RevPAR (+4.7% to CAD65.42).

Manitoba posted the largest lift in ADR (+3.6% to CAD127.41).

Prince Edward Island saw the largest declines in occupancy (-49.4% to 24.3%) and RevPAR (-52.3% to CAD26.54).

Newfoundland and Labrador registered the steepest drop in ADR (-8.3% to CAD118.87) and the third-largest decline in occupancy (-6.7% to 35.2%), which resulted in the third-largest decrease in RevPAR (-14.4% to CAD41.78).

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STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.