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Canadian Hotels Report Mostly Negative YOY Results for Week Ending 11 January 2020

STR

The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 5-11 January 2020, according to data from STR.

In comparison with the week of 6-12 January 2019, the industry reported the following:

• Occupancy: -5.1% to 43.8%
• Average daily rate (ADR): +0.4% to CAD141.23
• Revenue per available room (RevPAR): -4.8% to CAD61.81

Among the provinces and territories, Alberta experienced the only double-digit decline in occupancy (-12.5% to 36.7%), which resulted in the steepest drop in RevPAR (-14.2% to CAD46.23).

Newfoundland and Labrador posted the largest decrease in ADR (-6.9% to CAD115.83) and the only other double-digit decline in RevPAR (-10.8% to CAD37.68).

Saskatchewan saw the second-steepest drop in occupancy (-9.6% to 40.3%).

Quebec reported the only increase in occupancy (+1.4% to 43.4%) and RevPAR (+5.7% to CAD62.67). The province recorded the highest lift in ADR (+4.2% to CAD144.52).

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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