Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 29 June 2019

Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 29 June 2019

Canadian hotel occpuancy dipped 1.4% to 72.8%, ADR decreased 1.2% to 175.41 Canadian dollars ($133.96) and RevPAR dropped 2.6% to CA$127.67 (97.50).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 23-29 June 2019, according to data from STR.

In comparison with the week of 24-30 June 2018, the industry reported the following:

  • Occupancy: -1.4% to 72.8%
  • Average daily rate (ADR): -1.2% to CAD175.41
  • Revenue per available room (RevPAR): -2.6% to CAD127.67

    Among the provinces and territories, Newfoundland and Labrador experienced the only double-digit increases in occupancy (+17.1% to 76.1%) and RevPAR (+12.8% to CAD111.21).

Quebec posted the largest lift in ADR (+3.8% to CAD185.74) and the second-largest jump in RevPAR (+7.2% to CAD144.26).

Nova Scotia saw the only double-digit decrease in occupancy (-10.3% to 74.2%) and the steepest decline in ADR (-8.2% to CAD149.81), which resulted in the only double-digit decline in RevPAR (-17.6% to CAD111.20).

Alberta registered the second-largest decrease in RevPAR (-7.1% to CAD98.60)

View Canadian weekly hotel performance review

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.