Market Report Canada

Canadian Hotel Occupancy Down 0.3 Percent to 59.5 Percent For Week Ending 3 November 2018

Revenue per available room up 0.4 Percent toCAD86.85
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Canadian Hotel Occupancy Down 0.3 Percent to 59.5 Percent For Week Ending 3 November 2018

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 28 October through 3 November 2018, according to data from STR.

In comparison with the week of 29 October through 4 November 2017, the industry reported the following:

• Occupancy: -0.3% to 59.5%
• Average daily rate (ADR): +0.8% to CAD145.94
• Revenue per available room (RevPAR): +0.4% to CAD86.85

Among the provinces and territories, British Columbia registered the only double-digit jump in RevPAR (+15.5% to CAD94.25), due in part to the largest increase in ADR (+8.7% to CAD157.72).

Saskatchewan experienced the highest rise in occupancy (+6.7% to 58.9%).

New Brunswick reported the second-largest increase in RevPAR (+7.7% to CAD67.89).

Prince Edward Island saw the largest decrease in RevPAR (-21.7% to CAD42.20) because of the steepest drop in occupancy (-21.5% to 34.6%).

Newfoundland and Labrador reported the largest decline in ADR (-4.2% to CAD133.13) and the second-largest decreases in occupancy (-13.0% to 51.6%) and RevPAR (-16.7% to CAD68.71).

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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