Market Report Canada

Canadian Hotel Occupancy Up 5.8 Percent to 61.8 Percent For Week Ending 30 March 2019

Revenue per available room up 7.0 Percent to CAD89.87
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Canadian Hotel Industry Reports 7.0 RevPAR Increase Week Ending 30 March 2019

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 24-30 March 2019, according to data from STR.

In comparison with the week of 25-31 March 2018, the industry reported the following:

  • Occupancy: +5.8% to 61.8%
  • Average daily rate (ADR): +1.1% to CAD145.48
  • Revenue per available room (RevPAR): +7.0% to CAD89.87

Among the provinces and territories, Prince Edward Island reported the largest increase in RevPAR (+27.3% to CAD42.59), partially driven by the only double-digit lift in ADR (+10.0% to CAD114.45).

New Brunswick experienced the highest rise in occupancy (+19.6% to 52.9%) and the second-largest jump in RevPAR (+25.4% to CAD64.29).

Nova Scotia saw the third-largest increase in RevPAR (+20.7% to CAD83.39), due primarily to the second-highest increase in occupancy (+16.6% to 64.0%).

The Northwest Territories registered the only double-digit declines in occupancy (-15.4% to 72.7%) and RevPAR (-15.0% to CAD122.46).

Newfoundland and Labrador posted the largest drop in ADR (-7.2% to CAD117.34).

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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