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Canadian Hotels Report Mostly Negative YOY Results for Week Ending 7 December 2019

The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 1-7 December 2019, according to data from STR.

In comparison with the week of 2-8 December 2018, the industry reported the following:

• Occupancy: -2.6% to 59.4%
• Average daily rate (ADR): +0.9% to CAD147.44
• Revenue per available room (RevPAR): -1.8% to CAD87.52

Among the provinces and territories, Prince Edward Island reported the largest increases in each of the three key performance metrics: occupancy (+17.8% to 43.3%), ADR (+4.4% to CAD113.45) and RevPAR (+23.0% to CAD49.12).

Newfoundland and Labrador experienced the second-largest jump in RevPAR (+15.6% to CAD61.82), driven by the second-highest rise in occupancy (+17.0% to 52.2%).

Quebec matched for the steepest decrease in occupancy (-11.2% to 62.5%) and reported the largest drops in ADR (-4.7% to CAD153.48) and RevPAR (-15.3% to CAD95.92).

Manitoba registered the other largest drop in occupancy (-11.2% to 64.3%) and the only other double-digit decrease in RevPAR (-13.4% to CAD80.25). The province also posted the second-steepest decline in ADR (-2.5% to CAD124.83).

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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