Market Report Canada

Mixed YOY Performance for Canadian Hotel Industry Week Ending 11 August 2018

The Canadian hotel industry reported occupancy declined 1.3% to 79.8% during the week of 5-11 August. ADR rose 1.6% to 183.25 Canadian dollars ($139.38) and RevPAR increased just 0.3% to CA$146.18 ($111.18).
Toronto Skyline - Photo by Jorge Vasconez on Unsplash
Mixed YOY Performance for Canadian Hotel Industry Week Ending 11 August 2018

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 5-11 August 2018, according to data from STR.

In comparison with the week of 6-12 August 2017, the industry reported the following:

• Occupancy: -1.3% to 79.8%
• Average daily rate (ADR): +1.6% to CAD183.25
• Revenue per available room (RevPAR): +0.3% to CAD146.18

Among the provinces and territories, the Northwest Territories reported the largest increases in each of the three key performance metrics: occupancy (+1.0% to 58.5%), ADR (+18.7% to CAD167.84) and RevPAR (+19.9% to CAD98.17).

Ontario experienced the only other rise in occupancy (+0.5% to 84.2%) and the second-largest jump in RevPAR (+5.1 to CAD150.98).

British Columbia posted the second-highest lift in ADR (+5.0% to CAD238.64) and the third-largest increase in RevPAR (+2.7% to CAD208.94).

Newfoundland and Labrador registered the only double-digit drop in occupancy (-18.5% to 66.4%) and the largest decreases in ADR (-9.8% to CAD142.26) and RevPAR (-26.5% to CAD94.47).

Manitoba reported the second-largest declines in occupancy (-7.6% to 74.2%) and ADR (-4.6% to CAD121.29) as well as the only other double-digit decrease in RevPAR (-11.8% to CAD90.04).

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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