Market Report Canada

Negative YOY Performance for Canadian Hotel Industry Week Ending 12 January 2019

The Canadian hotel industry saw occupancy decrease 6.9% to 46.4% during the week of 6-12 January, while ADR dipped 0.9% to 139.72 Canadian dollars ($105.09) and RevPAR dropped 7.7% to CA$64.82 ($48.76).
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Canadian Hotel Occupancy Down 6.9 Percent to 46.4 Percent For Week Ending 12 January 2019

STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 6-12 January 2019, according to data from STR.

In comparison with the week of 7-13 January 2018, the industry reported the following:

• Occupancy: -6.9% to 46.4%
• Average daily rate (ADR): -0.9% to CAD139.72
• Revenue per available room (RevPAR): -7.7% to CAD64.82

Among the provinces and territories, British Columbia reported the largest increase in RevPAR (+2.8% to CAD41.90), due primarily to the largest jump in ADR (+5.3% to CAD115.53).

Manitoba experienced the highest rise in occupancy (+3.6% to 52.3%), which resulted in the only other jump in RevPAR (+2.2% to CAD60.98).

British Columbia saw the second-largest lift in ADR (+1.7% to US$171.91).

The Northwest Territories registered the steepest decreases in occupancy (-24.6% to 44.6%) and RevPAR (-24.7% to CAD73.50).

Saskatchewan posted the largest decline in ADR (-7.3% to CAD109.73).

New Brunswick experienced the second-largest drop in occupancy (-16.9% to 36.1%), which resulted in the second-steepest decrease in RevPAR (-18.9% to CAD41.68).

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.



Logos, product and company names mentioned are the property of their respective owners.