Market Report Canada

Canadian Hotel Occupancy Down 1.7 Percent to 72.0 Percent For Week Ending 7 July 2018

Revenue per available room up 1.4 Percent to CAD128.13
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
RevPAR Increase for Canadian Hotel Industry Week Ending 7 July 2018

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 1-7 July 2018, according to data from STR.

In comparison with the week of 2-8 July 2017, the industry reported the following:

• Occupancy: -1.7% to 72.0%
• Average daily rate (ADR): +3.1% to CAD177.98
• Revenue per available room (RevPAR): +1.4% to CAD128.13

Among the provinces and territories, Saskatchewan experienced the largest jump in occupancy (+7.3% to 57.5%).

British Columbia registered the only double-digit increase in ADR (+10.0% to CAD229.22) and the largest rise in RevPAR (+6.2% to CAD184.32).

Manitoba reported the largest decrease in RevPAR (-13.1% to CAD70.19), due to the second-largest decline in occupancy (-13.4% to 60.2%).

New Brunswick experienced the largest fall in occupancy (-13.7% to 69.2%) and the second-largest decrease in RevPAR (-12.9% to CAD94.83).

Saskatchewan posted the steepest drop in ADR (-3.9% to CAD111.28).

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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