Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 31 August 2019

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Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 31 August 2019

Canadian hotel occupancy decreased 1% to 76.9% during the week of 25-31 August. ADR dipped 0.5% to 172.94 Canadian dollars ($131.30), which caused RevPAR to fall 1.6% to CA$132.92 ($100.92).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 25-31 August 2019, according to data from STR.

In comparison with the week of 26 August through 1 September 2018, the industry reported the following:

• Occupancy: -1.0% to 76.9%
• Average daily rate (ADR): -0.5% to CAD172.94
• Revenue per available room (RevPAR): -1.6% to CAD132.92

Among the provinces and territories, New Brunswick saw the only double-digit increase in RevPAR (+11.2% to CAD114.69), due largely to the highest lift in ADR (+5.9% to CAD140.48). The province saw the second-largest increase in occupancy (+5.0% to 81.6%).

Newfoundland and Labrador experienced the highest rise in occupancy (+7.5% to 67.3%), which resulted in the second-largest jump in RevPAR (+6.5% to CAD89.23).

Manitoba registered the steepest decline in RevPAR (-6.9% to CAD90.93).

Alberta posted the largest drop in ADR (-4.0% to CAD160.19).

Ontario reported the steepest decrease in occupancy (-3.9% to 80.6%).

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.