Market Report Canada

Canadian Hotel Occupancy Down -4.3 Percent to 76.8 Percent For Week Ending 28 September 2019

Revenue per available room down -4.0 Percent to CAD136.16
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 28 September 2019

STR

The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 22-28 September 2019, according to data from STR.

In comparison with the week of 23-29 September 2018, the industry reported the following:

• Occupancy: -4.3% to 76.8%
• Average daily rate (ADR): +0.3% to CAD177.22
• Revenue per available room (RevPAR): -4.0% to CAD136.16

Among the provinces and territories, British Columbia posted the largest increase in RevPAR (+7.1% to CAD176.96), due to the largest lift in ADR (+8.0% to CAD216.88).

Nova Scotia experienced the only rise in occupancy (+0.4% to 87.9%).

Newfoundland and Labrador saw one of the steepest declines in RevPAR (-15.3% to CAD108.81), largely because of the largest drop in ADR (-8.9% to CAD145.15).

Alberta matched for the largest decrease in RevPAR (-15.3% to CAD97.29), due mostly to the steepest decline in occupancy (-10.6% to 61.9%).

Manitoba reported the only other double-digit decreases in occupancy (-10.1% to 75.5%) and RevPAR (-10.9% to CAD98.77).

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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