Postive YOY Performance for Canadian Hotel Industry Week Ending 13 October 2018

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Canadian Hotel Occupancy Up 1.3 Percent to 69.6 Percent For Week Ending 13 October 2018

The Canadian hotel industry saw occupancy increase 1.3% to 69.6% for the week of 7-13 October. ADR rose 2.5% to 158.15 Canadian dollars ($121.19) and RevPAR increased 3.9% to CA$109.99 ($84.29).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 7-13 October 2018, according to data from STR.

In comparison with the week of 8-14 October 2017, the industry reported the following:

• Occupancy: +1.3% to 69.6%
• Average daily rate (ADR): +2.5% to CAD158.15
• Revenue per available room (RevPAR): +3.9% to CAD109.99

Among the provinces and territories, Prince Edward Island reported the only double-digit increase in occupancy (+14.8% to 70.5%), which drove the highest jump in RevPAR (+23.6% to CAD97.60).

Nova Scotia posted the only double-digit lift in ADR (+10.9% to CAD161.42) and the second-largest increases in occupancy (+8.4% to 74.8%) and RevPAR (+20.2% to CAD120.75).

New Brunswick saw the third-largest increase in RevPAR (+9.9% to CAD83.68).

Overall, 10 of the 11 reporting provinces and territories reported growth in RevPAR.

Newfoundland and Labrador registered the only decrease in RevPAR (-13.6% to CAD64.54) because of the steepest declines in occupancy (-8.1% to 49.3%) and ADR (-5.9% to CAD131.01).

British Columbia experienced the second-largest drop in occupancy (-0.7% to 70.7%).

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