Market Report Canada

Canadian Hotels Report Negative YOY Results for Week Ending 9 November 2019

Canadian hotel occupancy decreased 1.7% to 64.7% during the week of 3-9 November. ADR rose just 0.6% to 150.54 Canadian dollars ($113.51) and RevPAR fell 1.1% to CA$97.37 ($73.42).
Vancouver, Canada - Photo by Brayden Law on Unsplash
Vancouver, Canada

STR

The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 3-9 November 2019, according to data from STR.

In comparison with the week of 4-10 November 2018, the industry reported the following:

• Occupancy: -1.7% to 64.7%
• Average daily rate (ADR): +0.6% to CAD150.54
• Revenue per available room (RevPAR): -1.1% to CAD97.37

Among the provinces and territories, Quebec registered the highest increase in RevPAR (+7.8% to CAD111.67).

Newfoundland and Labrador experienced the only double-digit rise in occupancy (+10.2% to 56.4%), but the largest drop in ADR (-3.4% to CAD123.97).

Manitoba posted the highest lift in ADR (+3.5% to CAD128.40).

New Brunswick registered the steepest decline in occupancy (-9.8% to 59.1%), which resulted in the largest decrease in RevPAR (-9.7% to CAD71.87).

Alberta saw the second-largest drop in RevPAR (-5.1% to CAD74.17).

British Columbia reported the second-steepest decrease in occupancy (-4.4% to 61.7%).

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.