Market Report Canada

Canadian Hotel Occupancy Up 0.7 Percent to 68.5 Percent For Week Ending 19 May 2018

Revenue per available room up 3.4 Percent to CAD108.66

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 13-19 May 2018, according to data from STR.

In comparison with the week of 14-20 May 2017, the industry reported the following:

• Occupancy: +0.7% to 68.5%
• Average daily rate (ADR): +2.7% to CAD158.57
• Revenue per available room (RevPAR): +3.4% to CAD108.66

Among the provinces and territories, Nova Scotia registered the largest increase in RevPAR (+13.0% to CAD113.82), due primarily to the highest lift in ADR (+10.3% to CAD155.28).

Alberta posted the only double-digit rise in occupancy (+12.0% to 61.0%) and a double-digit increase in RevPAR (+10.2% to CAD86.30).

Prince Edward Island reported the second-largest increases in ADR (+7.5% to CAD134.91) and RevPAR (+12.7% to CAD81.63).

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

Newfoundland and Labrador experienced the steepest decline in occupancy (-21.9% to 49.4%), which resulted in the largest decrease in RevPAR (-24.1% to CAD68.38).

Quebec posted the largest drop in ADR (-4.2% to CAD162.09). That, coupled with the second-largest decrease in occupancy (-8.0% to 71.8%), led to the second-steepest decline in RevPAR (-11.8% to CAD116.43).

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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