Market Report Canada

Canadian Hotel Occupancy Down 0.6 Percent to 78.0 Percent For Week Ending 4 August 2018

Revenue per available room up 2.8 Percent to CAD144.17
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Canadian Hotel Occupancy Down 0.6 Percent to 78.0 Percent For Week Ending 4 August 2018

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 29 July through 4 August 2018, according to data from STR.

In comparison with the week of 30 July through 5 August 2017, the industry reported the following:

  • Occupancy: -0.6% to 78.0%
  • Average daily rate (ADR): +3.4% to CAD184.94
  • Revenue per available room (RevPAR): +2.8% to CAD144.17

Among the provinces and territories, British Columbia, reported the largest increase in RevPAR (+8.5% to CAD219.36), due to the second-largest lift in ADR (+9.7 to CAD248.84).

The Northwest Territories posted the only double-digit rise in ADR (+12.2% to CAD167.60) but the steepest decline in occupancy (-17.4% to 47.8%).

Saskatchewan experienced the largest jump in occupancy (+6.1% to 57.5%).

Newfoundland and Labrador showed the only double-digit decline in RevPAR (-17.6% to CAD107.03) and the second-largest decreases in occupancy (-12.0% to 72.6%) and ADR (-6.3% to CAD147.42).

Nova Scotia registered the second-largest decrease in RevPAR (-9.0% to CAD142.22).

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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