Market Report Canada

Canadian Hotel Occupancy Up 1.4 Percent to 67.9 Percent For Week Ending 12 May 2018

Revenue per available room up 5.4 Percent to CAD109.56

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 6-12 May 2018, according to data from STR.

In comparison with the week of 7-13 May 2017, the industry reported the following:

• Occupancy: +1.4% to 67.9%
• Average daily rate (ADR): +4.0% to CAD161.39
• Revenue per available room (RevPAR): +5.4% to CAD109.56

Among the provinces and territories, Prince Edward Island experienced the largest rise in occupancy (+20.2% to 70.5%), which drove the largest jump in RevPAR (+27.2% to CAD98.85).

British Colombia posted the only double-digit lift in ADR (+11.4% to CAD196.56) and the only other double-digit increase in RevPAR (+15.9% to CAD146.29).

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

Newfoundland and Labrador saw the steepest declines in occupancy (-25.2% to 51.1%) and RevPAR (-27.0% to CAD73.67). ADR in the market fell 2.4% to CAD144.12.

Alberta registered the largest drop in ADR (-4.1% to CAD137.24).

Nova Scotia reported the second-largest decrease in RevPAR (-11.9% to CAD91.77), due to the second-largest decline in occupancy (-12.8% to 63.3%).

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