Market Report Canada

Canadian Hotel Occupancy Down 3.4 Percent to 68.5 Percent For Week Ending 8 September 2018

Revenue per available room down 0.7 Percent to CAD117.94
Toronto Skyline - Photo by Jorge Vasconez on Unsplash
Mixed YOY Performance for Canadian Hotel Industry Week Ending 8 September 2018

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 2-8 September 2018, according to data from STR.

In comparison with the week of 3-9 September 2017, the industry reported the following:

• Occupancy: -3.4% to 68.5%
• Average daily rate (ADR): +2.7% to CAD172.17
• Revenue per available room (RevPAR): -0.7% to CAD117.94

Among the provinces and territories, Prince Edward Island reported the largest increases in occupancy (+5.2% to 86.2%) and ADR (+6.6% to CAD174.35), which resulted in the only double-digit jump in RevPAR (+12.1% to CAD150.20).

Ontario posted the second-largest lift in ADR (+6.1% to CAD179.77), which pushed the second-highest rise in RevPAR (+6.1% to CAD133.39). Occupancy in the province remained flat at 74.2%.

New Brunswick experienced the only other increase in occupancy (+1.6% to 66.0%).

Newfoundland and Labrador registered the largest declines in ADR (-8.1% to CAD137.23) and RevPAR (-20.8% to CAD80.01), and the second-largest drop in occupancy (-13.8% to 58.3%).

Manitoba saw the second-largest decrease in RevPAR (-16.2% to CAD75.73), due primarily to the steepest decline in occupancy (-15.3% to 64.9%).

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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