Market Report Canada

Canadian Hotel Industry Reports Mixed YOY Resuts for Week Ending 14 September 2019

Canadian hotel occupancy dropped 1.7% to 76.6% during the week of 8-14 September, but a 2.6% ADR increase to 181.85 Canadian dollars ($137.09) drove RevPAR up 0.8% to CA$139.23 ($104.96).
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Canadian Hotel Industry Reports Mixed YOY Resuts for Week Ending 14 September 2019

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 8-14 September 2019, according to data from STR.

In comparison with the week of 9-15 September 2018, the industry reported the following:

• Occupancy: -1.7% to 76.6%
• Average daily rate (ADR): +2.6% to CAD181.85
• Revenue per available room (RevPAR): +0.8% to CAD139.23

Among the provinces and territories, Quebec posted the largest increase in RevPAR (+7.4% to CAD154.23), due to the largest lift in ADR (+6.5% to CAD189.75).

Nova Scotia experienced the highest rise in occupancy (+5.8% to 92.3%) and the second-largest jump in RevPAR (+6.9% to CAD156.93).

Six of the 10 reporting provinces and territories reported a RevPAR increase.

Alberta registered the steepest decline in RevPAR (-9.6% to CAD98.92), due primarily to the largest drop in ADR (-5.8% to CAD158.92).

Saskatchewan saw the largest decrease in occupancy (-8.9% to 58.6%) and the second-steepest drop in RevPAR (-9.3% to CAD69.48).

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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