Market Report Canada

Canadian Hotel Occupancy Flat at 74.6 Percent For Week Ending 6 October 2018

Revenue per available room up 3.7 Percent to CAD123.17
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Positive YOY Performance for Canadian Hotel Industry Week Ending 6 October 2018

STR

The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 30 September through 6 October 2018, according to data from STR.

In comparison with the week of 1-7 October 2017, the industry reported the following:

• Occupancy: flat at 74.6%
• Average daily rate (ADR): +3.8% to CAD165.15
• Revenue per available room (RevPAR): +3.7% to CAD123.17

Among the provinces and territories, Saskatchewan reported the largest increase in RevPAR (+13.7% to CAD73.45), due primarily to the only double-digit rise in occupancy (+11.3% to 61.2%).

British Columbia posted the only double-digit lift in ADR (+12.6% to CAD186.41), resulting in the second-largest jump in RevPAR (+13.6% to CAD148.15).

The Northwest Territories saw the only other double-digit increase in RevPAR (+10.2% to CAD158.79).

Overall, eight of the 11 reporting provinces and territories reported an increase in RevPAR.

Newfoundland and Labrador registered the only double-digit decreases in occupancy (-11.9% to 57.7%) and RevPAR (-18.8% to CAD79.21), and the steepest drop in ADR (-7.8% to CAD137.31).

Alberta posted the only other decline in ADR (-3.8% to CAD145.36), resulting in the second-largest decrease in RevPAR (-4.3% to CAD85.88).

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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