Canadian Hotel Industry Reports Slight RevPAR Increase (0.8 Percent) Week Ending 23 February 2019

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Canadian Hotel Industry Reports Slight RevPAR Increase (0.8 Percent) Week Ending 23 February 2019

Canadian hotel occupancy decreased 1.1% to 59.9% during the week ending 23 February. ADR increased 0.8% to 149.85 Canadian dollars ($113.60) and RevPAR dipped 0.3% to CAD89.81 ($68.08).

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 17-23 February 2019, according to data from STR.

In comparison with the week of 18-24 February 2018, the industry reported the following:

  • Occupancy: -1.1% to 59.9%
  • Average daily rate (ADR): +0.8% to CAD149.85
  • Revenue per available room (RevPAR): -0.3% to CAD89.81

Among the provinces and territories, Prince Edward Island experienced the highest rise in occupancy (+4.5% to 46.1%), which drove the largest jump in RevPAR (+7.7% to CAD54.28).

British Columbia posted the highest jump in ADR (+5.2% to CAD190.64).

Newfoundland and Labrador registered the largest declines in each of the three key performance metrics: occupancy (-15.6% to 37.8%), ADR (-7.8% to CAD120.32) and RevPAR (-22.3% to CAD45.50).

The Northwest Territories reported the only other double-digit drops in occupancy (-11.2% to 81.2%) and RevPAR (-12.2% to CAD134.41).

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.