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Canadian Hotel Industry Reports 7.4 RevPAR Drop Week Ending 23 March 2019



STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 17-23 March 2019, according to data from STR.

In comparison with the week of 18-24 March 2018, the industry reported the following:

• Occupancy: -5.7% to 61.2%
• Average daily rate (ADR): -1.8% to CAD145.03
• Revenue per available room (RevPAR): -7.4% to CAD88.73

Among the provinces and territories, Prince Edward Island reported the only increases in occupancy (+18.9% to 42.1%) and RevPAR (+29.7% to CAD48.64) as well as the highest jump in ADR (+9.1% to CAD115.50).

New Brunswick posted the only other lift in ADR (+0.9% to CAD120.80).

The Northwest Territories saw the largest decline in occupancy (-34.9% to 59.7%), which resulted in the steepest drop in RevPAR (-36.2% to CAD100.30).

Newfoundland and Labrador registered the largest decrease in ADR (-5.5% to CAD121.74).

Saskatchewan experienced the second-steepest declines in occupancy (-11.8% to 54.6%) and RevPAR (-13.2% to CAD63.78).

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.


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