Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 5 October 2019

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Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 5 October 2019

During the week of 29 September through 5 October, Canadian hotel occupancy fell 3.3% to 72.2%, ADR dipped 1% to 165.15 Canadian dollars ($124) and RevPAR decreased 4.3% to CA$119.17 ($89.48).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 29 September through 5 October 2019, according to data from STR.

In comparison with the week of 30 September through 6 October 2018, the industry reported the following:

• Occupancy: -3.3% to 72.2%
• Average daily rate (ADR): -1.0% to CAD165.15
• Revenue per available room (RevPAR): -4.3% to CAD119.17

Among the provinces and territories, Newfoundland and Labrador saw the only double-digit increases in occupancy (+25.4 to 71.6%) and RevPAR (+33.0% to CAD104.95).

Manitoba posted the highest lift in ADR (+6.3% to CAD132.54), which resulted in the second-largest jump in RevPAR (+6.2% to CAD101.49).

Nova Scotia experienced the only other rise in occupancy (+0.3% to 79.7%).

British Columbia registered the steepest decline in RevPAR (-8.0% to CAD135.99), due primarily to the largest drop in occupancy (-6.6% to 74.1%).

Alberta reported the second-largest decreases in ADR (-3.8% to CAD150.73) and RevPAR (-6.7% to CAD88.18).

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.