Market Report Canada

Canadian Hotel Occupancy Down 5.7 Percent to 61.2 Percent For Week Ending 23 March 2019

Revenue per available room down 7.4 Percent to CAD88.73
Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Canadian Hotel Industry Reports 7.4 RevPAR Drop Week Ending 23 March 2019

STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 17-23 March 2019, according to data from STR.

In comparison with the week of 18-24 March 2018, the industry reported the following:

• Occupancy: -5.7% to 61.2%
• Average daily rate (ADR): -1.8% to CAD145.03
• Revenue per available room (RevPAR): -7.4% to CAD88.73

Among the provinces and territories, Prince Edward Island reported the only increases in occupancy (+18.9% to 42.1%) and RevPAR (+29.7% to CAD48.64) as well as the highest jump in ADR (+9.1% to CAD115.50).

New Brunswick posted the only other lift in ADR (+0.9% to CAD120.80).

The Northwest Territories saw the largest decline in occupancy (-34.9% to 59.7%), which resulted in the steepest drop in RevPAR (-36.2% to CAD100.30).

Newfoundland and Labrador registered the largest decrease in ADR (-5.5% to CAD121.74).

Saskatchewan experienced the second-steepest declines in occupancy (-11.8% to 54.6%) and RevPAR (-13.2% to CAD63.78).

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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