Market Report Canada

Canadian Hotel Industry Reports Mixed YOY Resuts for Week Ending 15 June 2019

Canadian hotel occupancy dropped 1.8% to 73.9% during the week of 9-15 June, and despite a 1.2% ADR increase to 179.28 Canadian dollars ($135.98), RevPAR dipped 0.7% to CA$132.50 ($100.50).

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 9-15 June 2019, according to data from STR.

In comparison with the week of 10-16 June 2018, the industry reported the following:

• Occupancy: -1.8% to 73.9%
• Average daily rate (ADR): +1.2% to CAD179.28
• Revenue per available room (RevPAR): -0.7% to CAD132.50

Among the provinces and territories, British Columbia posted the largest increase in RevPAR (+5.6% to CAD180.49), driven by the highest rise in ADR (+5.4% to CAD224.35).

Nova Scotia registered the largest lift in occupancy (+3.7% to 79.8%).

Newfoundland and Labrador reported the steepest decline in RevPAR (-7.5% to CAD101.99), due to the largest drop in ADR (-8.1% to CAD143.26).

Saskatchewan saw the largest decrease in occupancy (-6.1% to 55.6%).

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.



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