Market Report Canada

Canadian Hotel Occupancy Down 0.7 Percent to 82.5 Percent For Week Ending 18 August 2018

Revenue per available room up 2.0 Percent to CAD150.42
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Mixed YOY Performance for Canadian Hotel Industry Week Ending 18 August 2018

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 12-18 August 2018, according to data from STR.

In comparison with the week of 13-19 August 2017, the industry reported the following:

• Occupancy: -0.7% to 82.5%
• Average daily rate (ADR): +2.7% to CAD182.34
• Revenue per available room (RevPAR): +2.0% to CAD150.42

Among the provinces and territories, British Colombia reported the largest increase in RevPAR (+9.9% to CAD223.00), due to the second-highest jump in ADR (+11.1% to CAD245.09).

Saskatchewan saw the highest rise in occupancy (+4.2% to 63.4%).

The Northwest Territories posted the largest lift in ADR (+15.1% to CAD166.47) but the steepest decline in occupancy (-20.9% to 68.0%). That combination resulted in the second-largest drop in RevPAR (-8.9% to CAD113.22).

Newfoundland and Labrador registered the largest decreases in ADR (-9.6% to CAD140.41) and RevPAR (-23.0% to CAD99.76). The market experienced the only other double-digit drop in occupancy (-14.8% to 71.1%).

Quebec reported the third-largest decreases in occupancy (-4.1% to 86.1%) and RevPAR (-6.2% to CAD160.06).

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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