Positive YOY Metrics for Canadian Hotel Industry Week Ending 2 February 2019

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Positive YOY Metrics for Canadian Hotel Industry Week Ending 2 February 2019

Canadian hotel occupancy rose 1.8% to 56.6% during the week ending 2 February, while a 2.1% ADR increase to 147.29 Canadian dollars ($111.06) drove RevPAR up 3.9% to CA$83.35 ($62.85).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 27 January through 2 February 2019, according to data from STR.

In comparison with the week of 28 January through 3 February 2018, the industry reported the following:

• Occupancy: +1.8% to 56.6%
• Average daily rate (ADR): +2.1% to CAD147.29
• Revenue per available room (RevPAR): +3.9% to CAD83.35

Among the provinces and territories, Prince Edward Island reported the only double-digit increases in each of the three key performance metrics: occupancy (+61.2% to 49.5%), ADR (+14.0% to CAD119.90) and RevPAR (+83.8% to CAD59.35).

British Columbia experienced the second-highest rise in occupancy (+5.1% to 62.2%), which drove the second-largest jump in RevPAR (+8.8% to CAD105.42).

The Northwest Territories posted the third-largest increase in RevPAR (+8.3% to CAD132.05).

Newfoundland and Labrador registered the steepest decreases in each of the three key performance metrics: occupancy (-8.4% to 40.2%), ADR (-4.0% to CAD123.67) and RevPAR (-12.0% to CAD49.68).

Quebec posted the second-largest declines in occupancy (-4.4% to 55.8%) and RevPAR (-4.0% to CAD82.99).

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.