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Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 3 August 2019

STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 28 July through 3 August 2019, according to data from STR.

In comparison with the week of 29 July through 4 August 2018, the industry reported the following:

  • Occupancy: -2.6% to 75.8%
  • Average daily rate (ADR): -3.3% to CAD181.25
  • Revenue per available room (RevPAR): -5.8% to CAD137.43

Among the provinces and territories, Saskatchewan saw the largest increase in RevPAR (+4.5% to CAD67.22), due primarily to the largest lift in ADR (+3.0% to CAD113.99).

Newfoundland and Labrador experienced the highest rise in occupancy (+6.9% to 77.2%).

Quebec registered the steepest decline in occupancy (-6.5% to 77.5%).

Prince Edward Island posted the largest drop in ADR (-6.6% to CAD185.90).

British Columbia reported the steepest decrease in RevPAR (-9.8% to CAD197.97).

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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