Canadian Hotels Report 13.4 Percent RevPAR Drop for Week Ending 19 October 2019

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Canadian Hotels Report 13.4 Percent RevPAR Drop for Week Ending 19 October 2019

Canadian hotel occupancy fell 10.9% to 66.6% during the week of 13-19 October. ADR decreased 2.7% to 155.77 Canadian dollars ($119.25) and RevPAR plummeted 13.4% to CA$103.77 ($79.44).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 13-19 October 2019, according to data from STR.

In comparison with the week of 14-20 October 2018, the industry reported the following:

• Occupancy: -10.9% to 66.6%
• Average daily rate (ADR): -2.7% to CAD155.77
• Revenue per available room (RevPAR): -13.4% to CAD103.77

None of the reporting provinces or territories reported occupancy or RevPAR increases.

Saskatchewan registered the highest lift in ADR (+0.5% to CAD119.16).

British Columbia posted the only other rise in ADR (+0.3% to CAD172.39).

New Brunswick registered the steepest decline in RevPAR (-20.4% to CAD69.16), due to the largest drop in occupancy (-18.4% to 56.9%).

Nova Scotia reported the only double-digit decrease in ADR (-10.1% to CAD142.11) and the second-largest decline in RevPAR (-19.8% to CAD101.94).

Alberta reported the second-steepest drop in occupancy (-15.2% to 52.7%), which resulted in the third-largest decrease in RevPAR (-16.7% to CAD71.72).

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.