Market Report Canada

Canadian Hotel Occupancy Up 1.3 Percent to 69.6 Percent For Week Ending 13 October 2018

Revenue per available room up 3.9 Percent to CAD109.99
Toronto Skyline - Photo by Jorge Vasconez on Unsplash
Canadian Hotel Occupancy Up 1.3 Percent to 69.6 Percent For Week Ending 13 October 2018

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 7-13 October 2018, according to data from STR.

In comparison with the week of 8-14 October 2017, the industry reported the following:

• Occupancy: +1.3% to 69.6%
• Average daily rate (ADR): +2.5% to CAD158.15
• Revenue per available room (RevPAR): +3.9% to CAD109.99

Among the provinces and territories, Prince Edward Island reported the only double-digit increase in occupancy (+14.8% to 70.5%), which drove the highest jump in RevPAR (+23.6% to CAD97.60).

Nova Scotia posted the only double-digit lift in ADR (+10.9% to CAD161.42) and the second-largest increases in occupancy (+8.4% to 74.8%) and RevPAR (+20.2% to CAD120.75).

New Brunswick saw the third-largest increase in RevPAR (+9.9% to CAD83.68).

Overall, 10 of the 11 reporting provinces and territories reported growth in RevPAR.

Newfoundland and Labrador registered the only decrease in RevPAR (-13.6% to CAD64.54) because of the steepest declines in occupancy (-8.1% to 49.3%) and ADR (-5.9% to CAD131.01).

British Columbia experienced the second-largest drop in occupancy (-0.7% to 70.7%).

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.