Positive YOY Performance for Canadian Hotel Industry Week Ending 20 October 2018

Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Canadian Hotel Occupancy Up 1.9 Percent to 75.1 Percent For Week Ending 20 October 2018

During the week of 14-20 October, Canadian hotel occupancy rose 1.9% to 75.1%. ADR increased 1.9% to 160.94 Canadian dollars ($123.26) and RevPAR rose 3.8% to CA$120.85 ($92.55).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 14-20 October 2018, according to data from STR.

In comparison with the week of 15-21 October 2017, the industry reported the following:

• Occupancy: +1.9% to 75.1%
• Average daily rate (ADR): +1.9% to CAD160.94
• Revenue per available room (RevPAR): +3.8% to CAD120.85

Among the provinces and territories, Nova Scotia reported the only double-digit increases in ADR (+10.2% to CAD158.64) and RevPAR (+15.0% to CAD127.72).

Alberta experienced the highest rise in occupancy (+6.9% to 62.3%).

British Columbia saw the only other double-digit increase in RevPAR (+10.8% to CAD133.16), due primarily to the second-largest increase in ADR (+7.4% to CAD173.73).

Overall, seven of the 10 reporting provinces and territories reported an increase in RevPAR.

Newfoundland and Labrador registered the largest decreases in each of the three key performance metrics: occupancy (-13.9% to 60.6%), ADR (-9.4% to CAD133.14) and RevPAR (-22.0% to CAD80.71).

Prince Edward Island posted the second-largest declines in occupancy (-6.3% to 64.7%) and RevPAR (-4.8% to CAD86.27).

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.