Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 17 August 2019

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Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 17 August 2019

Canadian hotel occupancy decreased 2.7% to 80.1% during the week of 11-17 August, and with a 1.1% ADR dip to 182.70 Canadian dollars ($137.55), RevPAR declined 3.8% to CA$146.38 ($110.20).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 11-17 August 2019, according to data from STR.

In comparison with the week of 12-18 August 2018, the industry reported the following:

• Occupancy: -2.7% to 80.1%
• Average daily rate (ADR): -1.1% to CAD182.70
• Revenue per available room (RevPAR): -3.8% to CAD146.38

Among the provinces and territories, Newfoundland and Labrador saw the only double-digit increases in occupancy (+17.2% to 82.9%) and RevPAR (+19.5% to CAD120.48).

New Brunswick posted the largest lift in ADR (+4.8% to CAD151.53), which resulted in the second-highest jump in RevPAR (+4.5% to CAD138.36).

Nova Scotia registered the only double-digit decrease in RevPAR (-11.0% to CAD147.86), due primarily to the steepest drop in ADR (-8.0% to CAD163.47).

Saskatchewan experienced the largest decline in occupancy (-7.1% to 59.0%).

British Columbia reported the second-largest decreases in ADR (-4.2% to CAD235.91) and RevPAR (-8.3% to CAD205.05).

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.