The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 24 February through 2 March 2019, according to data from STR.
In comparison with the week of 25 February through 3 March 2018, the industry reported the following:
• Occupancy: +1.2% to 60.1%
• Average daily rate (ADR): +1.0% to CAD148.85
• Revenue per available room (RevPAR): +2.2% to CAD89.46
Among the provinces and territories, Manitoba registered the largest increase in occupancy (+9.5% to 68.1%), which resulted in the only double-digit jump in RevPAR (+10.7% to CAD85.13).
British Columbia posted the highest jump in ADR (+3.1% to CAD169.09).
Newfoundland and Labrador reported the largest declines in each of the three key performance metrics: occupancy (-22.4% to 38.9%), ADR (-8.2% to CAD120.80) and RevPAR (-28.8% to CAD46.94).
Saskatchewan saw the second-largest drop in RevPAR (-6.8% to CAD61.06).
Prince Edward Island experienced the second-steepest decrease in occupancy (-8.0% to 30.6%).
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.