Mostly Negative YOY Performance for Canadian Hotel Industry Q3 2019

A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Mostly Negative YOY Performance for Canadian Hotel Industry Q3 2019

In the third quarter, Canadian hotel occupancy fell 2% to 76.3%, and despite a 0.4% ADR increase to 183.39 Canadian dollars ($140.34), RevPAR decreased 1.5% to CA$139.85 ($107.02).

The Canadian hotel industry reported mostly negative year-over-year results in the three key performance metrics during the third quarter of 2019, according to data from STR.

Compared with Q3 2018:

• Occupancy: -2.0% to 76.3%
• Average daily rate (ADR): +0.4% to CAD183.39
• Revenue per available room (RevPAR): -1.5% to CAD139.85

August, historically Canada’s peak performance month, was the top month of the quarter in absolute values: occupancy (79.0%), ADR (CAD185.25) and RevPAR (CAD146.42).

Among the provinces and territories, New Brunswick registered the largest jump in RevPAR (+4.1% to CAD112.59), due to the largest lift in ADR (+5.0% to CAD141.81).

Newfoundland and Labrador experienced the highest rise in occupancy (+2.3% to 72.8%) but the steepest drops in ADR (-6.2% to CAD141.72) and RevPAR (-4.1% to CAD103.21).

Manitoba reported the next steepest decline in RevPAR (-4.0% to CAD89.38) because of the largest drop in occupancy (-3.2% to 72.5%).

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.