Market Report Canada

Canadian Hotel Occupancy Down 2.2 Percent to 78.0 Percent For Week Ending 27 July 2019

Revenue per available room down 4.4 Percent to CAD139.47
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 27 July 2019

STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 21-27 July 2019, according to data from STR.

In comparison with the week of 22-28 July 2018, the industry reported the following:

• Occupancy: -2.2% to 78.0%
• Average daily rate (ADR): -2.3% to CAD178.71
• Revenue per available room (RevPAR): -4.4% to CAD139.47

Among the provinces and territories, New Brunswick registered the only double-digit increase in RevPAR (+11.3% to CAD135.51), due primarily to the largest lift in ADR (+7.4% to CAD149.35).

Saskatchewan experienced the highest rise in occupancy (+4.1% to 62.3%) and the second-largest increases in ADR (+4.3% to CAD117.27) and RevPAR (+8.6% to CAD73.08).

Newfoundland and Labrador saw the steepest declines in each of the three key performance metrics: occupancy (-7.9% to 71.8%), ADR (-11.8% to CAD137.67) and RevPAR (-18.8% to CAD98.91).

Alberta reported the second-largest decrease in ADR (-8.2% to CAD161.38), which resulted in the second-steepest drop in RevPAR (-9.5% to CAD108.14).

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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