Market Report Canada

Canadian Hotel Occupancy Down 1.3 Percent to 77.6 Percent For Week Ending 20 July 2019

Revenue per available room down 2.4 Percent to CAD138.54
Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 20 July 2019

STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 14-20 July 2019, according to data from STR.

In comparison with the week of 15-21 July 2018, the industry reported the following:

• Occupancy: -1.3% to 77.6%
• Average daily rate (ADR): -1.1% to CAD178.42
• Revenue per available room (RevPAR): -2.4% to CAD138.54

Among the provinces and territories, Saskatchewan saw the only double-digit increase in RevPAR (+16.7% to CAD91.55), due in part to the largest lift in ADR (+7.0% to CAD126.08).

Newfoundland and Labrador experienced the only double-digit rise in occupancy (+11.7% to 73.8%) but the second-largest decrease in ADR (-5.4% to CAD140.59).

Alberta posted the largest decrease in RevPAR (-9.4% to CAD108.53), primarily because of the steepest drop in ADR (-6.3% to CAD166.91).

Manitoba registered the largest decline in occupancy (-4.1% to 71.2%) and the second-steepest decrease in RevPAR (-6.4% to CAD85.57).

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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