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Canadian Hotels Report Mostly Positive YOY Results for Week Ending 14 December 2019

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 8-14 December 2019, according to data from STR.

In comparison with the week of 9-15 December 2018, the industry reported the following:

• Occupancy: +4.4% to 56.8%
• Average daily rate (ADR): +5.5% to CAD147.11
• Revenue per available room (RevPAR): +10.1% to CAD83.51

Among the provinces and territories, British Columbia reported the only double-digit increases in each of the three key performance metrics: occupancy (+18.7% to 64.7%), ADR (+15.2% to CAD174.48) and RevPAR (+36.7% to CAD112.92).

Prince Edward Island experienced the second-highest rise in occupancy (+8.2% to 34.0%), but the steepest drop in ADR (-4.3% to CAD105.91).

Ontario posted the second-largest lift in ADR (+4.2% to CAD150.54).

New Brunswick registered the second-highest jump in RevPAR (+9.3% to CAD55.54).

Alberta saw the steepest decrease in RevPAR (-5.9% to CAD60.38), due primarily to the largest decline in occupancy (-4.4% to 47.5%).

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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