Market Report Canada

Canadian Hotel Occupancy Up 2.2 Percent to 68.8 Percent For Week Ending 4 May 2019

Revenue per available room up 5.0 Percent to CAD112.16
Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Canadian Hotel Industry Reports Positive YOY Resuts for Week Ending 4 May 2019

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 28 April through 4 May 2019, according to data from STR.

In comparison with the week of 29 April through 5 May 2018, the industry reported the following:

• Occupancy: +2.2% to 68.8%
• Average daily rate (ADR): +2.7% to CAD162.93
• Revenue per available room (RevPAR): +5.0% to CAD112.16

Among the provinces and territories, Saskatchewan registered the largest jump in RevPAR (+13.9% to CAD73.86).

British Columbia posted the largest lift in ADR (+7.2% to CAD200.92).

Newfoundland and Labrador experienced the highest rise in occupancy (+19.0% to 55.7%).

Nova Scotia reported the steepest declines in each of the three key performance metrics: occupancy (-7.1% to 66.5%), ADR (-5.0% to CAD142.16) and RevPAR (-11.7% to CAD94.58).

New Brunswick saw the only other decrease in RevPAR (-6.8% to CAD77.31), due primarily to the second-largest drop in occupancy (-6.6% to 61.8%).

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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