Market Report Canada

Canadian Hotel Occupancy Down 2.5 Percent to 77.7 Percent For Week Ending 10 August 2019

Revenue per available room down 3.6 Percent to CAD142.97
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 10 August 2019

STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 4-10 August 2019, according to data from STR.

In comparison with the week of 5-11 August 2018, the industry reported the following:

• Occupancy: -2.5% to 77.7%
• Average daily rate (ADR): -1.2% to CAD183.94
• Revenue per available room (RevPAR): -3.6% to CAD142.97

Among the provinces and territories, Newfoundland and Labrador saw the largest jump in RevPAR (+21.2% to US$112.72), due to the highest rise in occupancy (+22.6% to 79.5%).

Saskatchewan posted the only double-digit lift in ADR (+10.7% to CAD123.17) and the second-largest increases in occupancy (+8.6% to 60.9%) and RevPAR (+20.1% to CAD75.04).

Alberta registered the largest declines in each of the three key performance metrics: occupancy (-6.5% to 61.7%), ADR (-4.3% to CAD170.52) and RevPAR (-10.5% to CAD105.20).

British Columbia experienced the second-steepest drop in occupancy (-3.3% to 84.5%).

Ontario reported the second-largest decreases in ADR (-2.1% to CAD175.58) and RevPAR (-5.0% to CAD143.23).

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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