Market Report Canada

Canadan Hoteliers Sees Highest Q2 Hotel Occupancy Since 1999

Revenue per available room up 1.8 Percent to CAD141.67
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Canadan Hoteliers Sees Highest Q2 Hotel Occupancy Since 1999

STR

Canada’s hotel industry reported positive year-over-year results in the three key performance metrics during the second quarter of 2018, according to data from STR.

Compared with Q2 2017:

  • Occupancy: +1.6% to 68.8%
  • Average daily rate (ADR): +4.9% to CAD163.56
  • Revenue per available room (RevPAR): +6.7% to CAD112.52

The absolute occupancy level was the highest for a Q2 in Canada since 1999, while the ADR level was the highest for any Q2 on record. June was the strongest month of the quarter for absolute occupancy (74.8%), ADR (CAD177.90) and RevPAR (CAD133.03).

STR analysts note that a continued influx of inbound international tourism helped achieve a 2.8% increase in Q2 demand (room nights sold). Supply (room nights available) grew 1.2% for the same time period. Performance was also helped by several significant events such as Doors Open Toronto (26-27 May) and the Grand Prix Montreal (8-10 June).

Overall, 11 of the 12 reporting provinces and territories saw RevPAR growth during the quarter.

The Yukon Territory reported the largest increase in RevPAR (+12.2% to CAD126.55), due primarily to the second-largest jump in ADR (+9.1% to CAD157.80).

British Colombia posted the only double-digit lift in ADR (+10.2% to CAD192.22) and the only other double-digit rise in RevPAR (+10.4% to CAD142.14).

Saskatchewan experienced the highest increase in occupancy (+8.1% to 58.2%), but one of only two declines in ADR (-1.3% to CAD119.46).

Newfoundland and Labrador saw the only double-digit drops in occupancy (-17.8% to 55.3%) and RevPAR (-19.6% to US$79.09) and the largest dip in ADR (-2.2% to CAD143.13)

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.



Logos, product and company names mentioned are the property of their respective owners.