Market Report Canada

Canadian Hotel Occupancy Down 1.9 Percent to 77.8 Percent For Week Ending 14 July 2018

Revenue per available room up 1.8 Percent to CAD141.67
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
ADR and RevPAR Increase for Canadian Hotel Industry Week Ending 14 July 2018

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 8-14 July 2018, according to data from STR.

In comparison with the week of 9-15 July 2017, the industry reported the following:

  • Occupancy: -1.9% to 77.8%
  • Average daily rate (ADR): +3.7% to CAD182.12
  • Revenue per available room (RevPAR): +1.8% to CAD141.67

Among the provinces and territories, Ontario reported the largest increase in RevPAR (+4.7% to CAD138.56), due to the second-highest lift in ADR (+4.9% to CAD170.83).

British Columbia posted the largest rise in ADR (+7.3% to CAD226.29) and the second-largest jump in RevPAR (+4.6% to CAD192.49).

Saskatchewan experienced the only increase in occupancy (+5.3% to 60.7%).

The Northwest Territories registered the largest decrease in RevPAR (-15.2% to CAD76.79), due primarily to the steepest decline in occupancy (-17.8% to 47.9%).

New Brunswick reported the largest drop in ADR (-1.9% to CAD135.11) and the second-largest decrease in RevPAR (-14.4% to CAD100.92).

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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