Canadian Hotels Report Negative YOY Results for Week Ending 4 January 2020

Rendering of the Four Seasons Hotel and Private Residences Montreal
Four Seasons Hotel and Private Residences Montreal

Canadian hotel occupancy fell 0.4% to 42.7% during the week of 29 December to 4 January, ADR dipped 0.3% to 166.14 Canadian dollars ($127.14) and RevPAR decreased 0.7% to CA$71.01 ($54.34).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 29 December 2019 through 4 January 2020, according to data from STR.

In comparison with the week of 30 December 2018 through 5 January 2019, the industry reported the following:

• Occupancy: -0.4% to 42.7%
• Average daily rate (ADR): -0.3% to CAD166.14
• Revenue per available room (RevPAR): -0.7% to CAD71.01

Among the provinces and territories, Prince Edward Island posted the steepest declines in each of the three key performance metrics: occupancy (-22.1% to 19.9%), ADR (-7.2% to CAD103.33) and RevPAR (-27.7% to CAD20.51).

Alberta saw the only other double-digit declines in occupancy (-11.1% to 31.8%) and RevPAR (-13.8% to CAD48.05).

Newfoundland and Labrador recorded the second-steepest drop in ADR (-4.8% to CAD110.15).

Quebec reported the highest rises in occupancy (+7.7% to 52.3%) and ADR (+7.3% to CAD184.74), which drove the only double-digit jump in RevPAR (+15.6% to CAD96.62).

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.