Market Report Canada

Canadian Hotel Occupancy Up 2.2 Percent to 62.8 Percent For Week Ending 1 December 2018

Revenue per available room up 4.6 Percent to CAD92.27
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Canadian Hotel Occupancy Up 2.2 Percent to 62.8 Percent For Week Ending 1 December 2018

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 25 November through 1 December 2018, according to data from STR.

In comparison with the week of 26 November through 2 December 2017, the industry reported the following:

• Occupancy: +2.2% to 62.8%
• Average daily rate (ADR): +2.4% to CAD146.86
• Revenue per available room (RevPAR): +4.6% to CAD92.27

Among the provinces and territories, Manitoba registered the largest jump in RevPAR (+12.9% to CAD98.33), due primarily to the second-highest rise in occupancy (+8.2% to 76.7%).

The Northwest Territories posted the largest lift in ADR (+8.5% to CAD169.95).

Alberta experienced the highest increase in occupancy (+8.8% to 55.9%).

Seven of the 11 reporting provinces and territories saw RevPAR growth.

Newfoundland and Labrador saw the only double-digit decrease in RevPAR (-18.2% to CAD58.44) because of the steepest declines in occupancy (-9.3% to 49.0%) and ADR (-9.9% to CAD119.19).

Quebec experienced the second-largest drop in occupancy (-4.0% to 63.4%).

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.