Market Report Canada

Canadian Hotel Industry Reports 12.6 RevPAR Increase Week Ending 6 April 2019

Canadian hotel occupancy rose 6.3% to 60.9% during the week of 31 March through 6 April, while ADR increased 5.9% to 150.81 Canadian dollars ($112.66) and RevPAR jumped 12.6% to CA$91.87 ($68.63).
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Canadian Hotel Industry Reports 12.6 RevPAR Increase Week Ending 6 April 2019

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 31 March through 6 April 2019, according to data from STR.

In comparison with the week of 1-7 April 2018, the industry reported the following:

• Occupancy: +6.3% to 60.9%
• Average daily rate (ADR): +5.9% to CAD150.81
• Revenue per available room (RevPAR): +12.6% to CAD91.87

Among the provinces and territories, Nova Scotia reported the largest jump in RevPAR (+33.8% to CAD84.46), due primarily to the highest rise in occupancy (+28.7% to 63.4%).

Ontario posted the only double-digit lift in ADR (+11.2% to CAD161.27).

Quebec experienced the only other double-digit increase in occupancy (+12.2% to 59.9%) as well as the second-largest increase in RevPAR (+21.2% to CAD92.13).

The Northwest Territories saw the steepest declines in occupancy (-12.7% to 46.3%) and RevPAR (-14.2% to CAD76.76).

Newfoundland and Labrador posted the largest drop in ADR (-5.8% to CAD119.73) and the second-largest decrease in RevPAR (-9.1% to CAD54.33).

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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