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STR: Canada reports mostly negative results in Q3

The Canadian hotel industry saw mostly negative year-over-year results in the third quarter, according to STR. With just a 0.4 percent rise in average daily rate to offset a 2 percent decline in occupancy, the country’s revenue per available room decreased 1.5 percent.

For the quarter overall, occupancy stood at 76.3 percent, ADR at CAD$183.39, and RevPAR at $139.85. August, historically Canada’s peak performance month, was the top month of the quarter with an occupancy of 79 percent, ADR of $185.25 and RevPAR of $146.42.

Among the country’s provinces and territories, New Brunswick saw the highest jump in RevPAR (4.1 percent) due to the largest lift in ADR (5 percent). Newfoundland and Labrador experienced the highest rise in occupancy (2.3 percent), but the steepest drops in ADR (-6.2 percent) and RevPAR (-4.1 percent). Manitoba registered the next sharpest drop in RevPAR (-4 percent) due to the steepest decline in occupancy (-3.2 percent).

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