Market Report Canada

Canadian Hotel Occupancy Down 0.8 Percent to 67.1 Percent For Week Ending 11 May 2019

Revenue per available room down 0.5 Percent to CAD109.15
Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Canadian Hotel Industry Reports Mixed YOY Resuts for Week Ending 11 May 2019

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 5-11 May 2019, according to data from STR.

In comparison with the week of 6-12 May 2018, the industry reported the following:

• Occupancy: -0.8% to 67.1%
• Average daily rate (ADR): +0.3% to CAD162.74
• Revenue per available room (RevPAR): -0.5% to CAD109.15

Among the provinces and territories, Quebec registered the largest jump in RevPAR (+10.9% to CAD110.72), due primarily to the largest lift in ADR (+6.1% to CAD166.42).

Nova Scotia experienced the highest rise in occupancy (+9.3% to 69.0%), which resulted in the only other double-digit increase in RevPAR (+10.8% to CAD102.05).

Prince Edward Island saw the steepest declines in occupancy (-18.8% to 57.1%) and RevPAR (-21.3% to CAD78.28). The province reported the second-largest decrease in ADR (-3.1% to CAD137.13).

Newfoundland and Labrador reported the only double-digit drop in ADR (-13.3% to CAD126.12) and the second-largest drop in RevPAR (-12.9% to CAD64.04).

Alberta posted the second-steepest decline in occupancy (-3.7% to 54.7%).

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.