The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 10-16 November 2019, according to data from STR.
In comparison with the week of 11-17 November 2018, the industry reported the following:
• Occupancy: -4.2% to 60.0%
• Average daily rate (ADR): +0.5% to CAD148.96
• Revenue per available room (RevPAR): -3.7% to CAD89.37
Among the provinces and territories, Manitoba saw the steepest decline in RevPAR (-18.9% to CAD74.46), due primarily to the largest drop in occupancy (-15.9% to 60.5%).
Nova Scotia reported the largest decrease in ADR (-7.2% to CAD130.09).
Prince Edward Island experienced the only other double-digit drop in occupancy (-13.8% to 38.2%) and the second-steepest decline in RevPAR (-13.7% CAD44.39).
Newfoundland and Labrador registered the only rise in occupancy (+14.5% to 55.3%) and the largest increases in ADR (+3.0% to CAD129.74) and RevPAR (+17.9% to CAD71.72).
Quebec posted the second-largest lift in ADR (+2.8% to CAD158.39), which resulted in the only other jump in RevPAR (+2.6% to CAD101.66).
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.