Canadian Hotels Report Negative YOY Results for Week Ending 30 November 2019

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Canadian Hotels Report Negative YOY Results for Week Ending 30 November 2019

Canadian hotel occupancy fell 5.1% to 59.3% during the week of 24-30 November, and a 2.1% ADR decline to 144.35 Canadian dollars ($109.67) drove RevPAR down 7% to CA$85.63 ($65.06).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 24-30 November 2019, according to data from STR.

In comparison with the week of 25 November through 1 December 2018, the industry reported the following:

• Occupancy: -5.1% to 59.3%
• Average daily rate (ADR): -2.1% to CAD144.35
• Revenue per available room (RevPAR): -7.0% to CAD85.63

Among the provinces and territories, Saskatchewan reported the largest increases in each of the three key performance metrics: occupancy (+7.7% to 61.9%), ADR (+5.9% to CAD124.13) and RevPAR (+14.1% to CAD76.83).

Nova Scotia experienced the second-highest rise in occupancy (+6.4% to 62.4%), which resulted in the second-largest jump in RevPAR (+5.9% to CAD78.59).

Prince Edward Island saw the steepest drop in RevPAR (-27.9% to CAD37.57), due primarily to the largest decline in occupancy (-25.8% to 33.8%).

Ontario registered the largest decrease in ADR (-6.1% to CAD150.07).

Manitoba recorded the second-steepest declines in occupancy (-15.4% to 64.4%) and RevPAR (-19.0% to CAD79.96).

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.