Market Report Canada

Canadian Hotel Occupancy Up 11.4 Percent to 62.5 Percent For Week Ending 14 April 2018

Revenue per available room up 17.2 Percent to CAD$91.25

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 8-14 April 2018, according to data from STR.

In comparison with the week of 9-15 April 2017, the industry reported the following:

• Occupancy: +11.4% to 62.5%
• Average daily rate (ADR): +5.2% to CAD146.11
• Revenue per available room (RevPAR): +17.2% to CAD91.25

STR analysts note performance growth was boosted by a favorable comparison with the week of Easter in 2017.

Among the provinces and territories, Manitoba reported the largest rise in RevPAR (+55.8% to CAD98.53), due primarily to the largest increase in occupancy (+40.6% to 77.1%).

Nova Scotia posted the largest lift in ADR (+13.4% to CAD135.57), resulting in the second-largest increase in RevPAR (+50.2% to CAD84.92).

Saskatchewan experienced the highest jump in occupancy (+41.7% to 60.9%) and the third-largest increase in RevPAR (+45.3% to CAD73.28).

Overall, eight of the 11 reporting provinces and territories saw double-digit RevPAR growth.

The Northwest Territories saw the largest decrease in RevPAR (-6.8% to CAD80.96).

Alberta reported the steepest drop in ADR (-4.5% to CAD129.11).

Quebec experienced the largest decline in occupancy (-5.6% to 59.1%).

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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