Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 7 September 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 7 September 2019

Canadian hotel occupancy decreased 3.6% to 66.1% during the first week of September, and despite a 0.2% ADR increase to 174.67 Canadian dollars ($132.20), RevPAR declined 3.4% to CA$115.39 ($87.33).

The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 1-7 September 2019, according to data from STR.

In comparison with the week of 2-8 September 2018, the industry reported the following:

• Occupancy: -3.6% to 66.1%
• Average daily rate (ADR): +0.2% to CAD174.67
• Revenue per available room (RevPAR): -3.4% to CAD115.39

Among the provinces and territories, British Columbia saw the largest jump in RevPAR (+2.7% to CAD156.12), due to the largest lift in ADR (+3.3% to CAD209.88).

Quebec posted the only other increases in ADR (+1.9% to CAD172.59) and RevPAR (+0.9% to CAD120.16).

None of the provinces or territories experienced an occupancy increase.

Prince Edward Island registered the only double-digit decline in occupancy (-20.9% to 68.3%), which resulted in the only double-digit decrease in RevPAR (-21.1% to CAD118.07).

Newfoundland and Labrador reported the largest drop in ADR (-4.5% to CAD131.62).

New Brunswick experienced the second-steepest decrease in occupancy (-8.8% to 60.3%).

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.