Market Report Canada

Canadian Hotel Occupancy Up 1.9 Percent to 55.3 Percent For Week Ending 20 January 2018

Revenue per available room up 5.2 Percent to CAD$78.24

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 14-20 January 2018, according to data from STR.

In comparison with the week of 15-21 January 2017, the industry reported the following:

  • Occupancy: +1.9% to 55.3%
  • Average daily rate (ADR): +3.2% to CAD141.56
  • Revenue per available room (RevPAR): +5.2% to CAD78.24

Among the provinces and territories, the Northwest Territories reported the only double-digit increase in RevPAR (+13.8% to CAD131.20), due primarily to the only double-digit rise in occupancy (+10.3% to 77.6%).

British Colombia posted the largest lift in ADR (+6.2% to CAD161.37).

Ontario reported the second-largest rise in RevPAR (+7.4% to CAD85.42).

Overall, 10 of the 11 reporting provinces and territories reported RevPAR growth.

Newfoundland and Labrador experienced the largest drop in occupancy (-5.6% to 39.7%), resulting in the only decrease in RevPAR (-3.7% to CAD52.04).

Two provinces reported declines in ADR: Saskatchewan (-5.3% to CAD112.83) and Alberta (-2.9% to CAD130.19).

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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