The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 13-19 October 2019, according to data from STR.
In comparison with the week of 14-20 October 2018, the industry reported the following:
• Occupancy: -10.9% to 66.6%
• Average daily rate (ADR): -2.7% to CAD155.77
• Revenue per available room (RevPAR): -13.4% to CAD103.77
None of the reporting provinces or territories reported occupancy or RevPAR increases.
Saskatchewan registered the highest lift in ADR (+0.5% to CAD119.16).
British Columbia posted the only other rise in ADR (+0.3% to CAD172.39).
New Brunswick registered the steepest decline in RevPAR (-20.4% to CAD69.16), due to the largest drop in occupancy (-18.4% to 56.9%).
Nova Scotia reported the only double-digit decrease in ADR (-10.1% to CAD142.11) and the second-largest decline in RevPAR (-19.8% to CAD101.94).
Alberta reported the second-steepest drop in occupancy (-15.2% to 52.7%), which resulted in the third-largest decrease in RevPAR (-16.7% to CAD71.72).
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.
Logos, product and company names mentioned are the property of their respective owners.