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Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 27 July 2019

STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 21-27 July 2019, according to data from STR.

In comparison with the week of 22-28 July 2018, the industry reported the following:

• Occupancy: -2.2% to 78.0%
• Average daily rate (ADR): -2.3% to CAD178.71
• Revenue per available room (RevPAR): -4.4% to CAD139.47

Among the provinces and territories, New Brunswick registered the only double-digit increase in RevPAR (+11.3% to CAD135.51), due primarily to the largest lift in ADR (+7.4% to CAD149.35).

Saskatchewan experienced the highest rise in occupancy (+4.1% to 62.3%) and the second-largest increases in ADR (+4.3% to CAD117.27) and RevPAR (+8.6% to CAD73.08).

Newfoundland and Labrador saw the steepest declines in each of the three key performance metrics: occupancy (-7.9% to 71.8%), ADR (-11.8% to CAD137.67) and RevPAR (-18.8% to CAD98.91).

Alberta reported the second-largest decrease in ADR (-8.2% to CAD161.38), which resulted in the second-steepest drop in RevPAR (-9.5% to CAD108.14).

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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