Market Report Canada

Canadian Hotel Occupancy Up 0.6 Percent to 62.8 Percent For Week Ending 17 November 2018

Revenue per available room up 3.6 Percent to CAD93.09
Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
RevPAR Lift for Canadian Hotel Industry Week Ending 17 November 2018

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 11-17 November 2018, according to data from STR.

In comparison with the week of 12-18 November 2017, the industry reported the following:

  • Occupancy: +0.6% to 62.8%
  • Average daily rate (ADR): +3.0% to CAD148.16
  • Revenue per available room (RevPAR): +3.6% to CAD93.09

Among the provinces and territories, British Columbia registered the only double-digit jump in RevPAR (+13.1% to CAD95.07), driven by the second-largest increases in occupancy (+5.8% to 61.3%) and ADR (+7.0% to CAD155.08).

Manitoba experienced the highest rise in occupancy (+6.4% to 72.3%), which pushed the second-largest increase in RevPAR (+9.3% to CAD91.13). 

Newfoundland and Labrador posted the largest drop in ADR (-5.1% to CAD125.73). 

Prince Edward Island saw the only other double-digit declines in occupancy (-15.7% to 44.3%) and RevPAR (-14.8% to CAD51.51).

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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