Mixed YOY Metrics for Canadian Hotel Industry Week Ending 5 January 2019

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Canadian Hotel Occupancy Drops 2.0 Percent to 43.0 Percent For Week Ending 5 January 2019

The Canadian hotel industry reported occupancy dropped 2% to 43% during the week of 30 December to 6 January, while ADR rose 5.2% to 163.50 Canadian dollars ($123.51) and RevPAR increased 3.1% to CA$70.36 ($53.15).

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 30 December 2018 through 5 January 2019, according to data from STR.

In comparison with the week of 31 December 2017 through 6 January 2018, the industry reported the following:

• Occupancy: -2.0% to 43.0%
• Average daily rate (ADR): +5.2% to CAD163.50
• Revenue per available room (RevPAR): +3.1% to CAD70.36

Among the provinces and territories, British Columbia reported the largest jump in RevPAR (+21.7% to CAD124.06), due primarily to the only double-digit increase in ADR (+13.9% to CAD235.83).

The Northwest Territories experienced the highest rise in occupancy (+22.6% to 61.1%), but the second-largest drop in ADR (-3.8% to CAD163.81).

Prince Edward Island saw the only other double-digit increase in occupancy (+11.7% to 25.5%), which drove the second-largest increase in RevPAR (+18.2% to CAD28.39).

Newfoundland and Labrador registered the steepest decreases in each of the three key performance metrics: occupancy (-19.4% to 25.5%), ADR (-9.7% to CAD114.89) and RevPAR (-27.3% to CAD29.27).

Manitoba posted the second-largest decreases in occupancy (-9.7% to 40.5%) and RevPAR (-10.9% to CAD45.59).

Overall, seven of the 11 reporting provinces and territories saw declines in RevPAR.

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.