Canadian Hotel Industry Reports Mixed YOY Resuts for Week Ending 25 May 2019

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Canadian Hotel Industry Reports Mixed YOY Resuts for Week Ending 25 May 2019

During the week of 19-25 May, Canadian hotel occupancy dipped 0.8% to 66.4%, but a 3.3% ADR increase to 167.30 Canadian dollars ($123.55) brought RevPAR up 2.5% to CA$111.02 ($81.99).

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 19-25 May 2019, according to data from STR.

In comparison with the week of 20-26 May 2018, the industry reported the following:

• Occupancy: -0.8% to 66.4%
• Average daily rate (ADR): +3.3% to CAD167.30
• Revenue per available room (RevPAR): +2.5% to CAD111.02

Among the provinces and territories, Nova Scotia saw the highest rise in occupancy (+8.2% to 67.0%) and the second-largest increase in ADR (+7.5% to US$158.04), which resulted in the largest jump in RevPAR (+16.4% to CAD105.90).

Quebec posted the only other double-digit increase in RevPAR (+13.5% to CAD134.90), due to the highest lift in ADR (+7.8% to CAD180.21) and the second-largest rise in occupancy (+5.3% to 74.9%).

Alberta reported the steepest decline in RevPAR (-17.2% to CAD71.50).

Newfoundland and Labrador registered the only double-digit decrease in ADR (-11.2% to CAD125.93).

Prince Edward Island saw the largest drop in occupancy (-11.4% to 56.4%) and the second-steepest decline in RevPAR (-15.7% to CAD78.27).

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.