Market Report Canada

Canadian Hotel Occupancy Up 3.0 Percent to 61.2 Percent For Week Ending 8 December 2018

Revenue per available room up 6.4 Percent to CAD89.24
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Canadian Hotel Occupancy Up 3.0 Percent to 61.2 Percent For Week Ending 8 December 2018

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 2-8 December 2018, according to data from STR.

In comparison with the week of 3-9 December 2017, the industry reported the following:

• Occupancy: +3.0% to 61.2%
• Average daily rate (ADR): +3.3% to CAD145.89
• Revenue per available room (RevPAR): +6.4% to CAD89.24

Among the provinces and territories, Quebec reported the largest increase in RevPAR (+22.4% to CAD114.22), driven by the only double-digit lift in ADR (+10.3% to CAD161.68) and the second-highest rise in occupancy (+11.0% to 70.6%).

Manitoba experienced the largest increase in occupancy (+11.7% to 72.9%) and the only other double-digit jump in RevPAR (+17.3% to CAD92.45).

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

The Northwest Territories posted the second-largest increase in ADR (+8.5% to CAD167.26), but saw the steepest decline in occupancy (-19.6% to 63.9%).

Newfoundland and Labrador posted the largest decreases in ADR (-9.7% to CAD119.26) and RevPAR (-24.7% to CAD53.93).

Prince Edward Island experienced the second-largest drop in occupancy (-19.2% to 36.8%), which resulted in the second-steepest decline in RevPAR (-19.8% to CAD39.98).

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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