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Canadian Hotel Industry Reports Positive YOY Resuts for Week Ending 12 October 2019

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 6-12 October 2019, according to data from STR.

In comparison with the week of 7-13 October 2018, the industry reported the following:

• Occupancy: +1.6% to 70.4%
• Average daily rate (ADR): +0.7% to CAD158.96
• Revenue per available room (RevPAR): +2.3% to CAD111.91

Among the provinces and territories, Newfoundland and Labrador experienced the only double-digit rise in occupancy (+11.3% to 54.9%), which resulted in the largest jump in RevPAR (+12.8% to CAD73.01).

Saskatchewan posted the highest lift in ADR (+5.3% to CAD120.51) and the only other double-digit increase in RevPAR (+10.0% to CAD71.10).

Nova Scotia registered the steepest decline in RevPAR (-5.6% to CAD112.78), due primarily to the largest drop in ADR (-7.3% to CAD148.30).

Ontario saw the largest decrease in occupancy (-0.6% to 75.2%).

Alberta reported the second-steepest declines in ADR (-3.3% to CAD141.30) and RevPAR (-2.8% to CAD78.30).

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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