Positive YOY Results for Canadian Hotel Industry Week Ending 24 November 2018

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Positive YOY Results for Canadian Hotel Industry Week Ending 24 November 2018

The Canadian hotel industry reported occupancy rose 0.6% to 62.1%, ADR increased 1.4% to 143.80 Canadian dollars ($108.43) and RevPAR rose 2.1% to CA$89.26 ($67.30).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 18-24 November 2018, according to data from STR.

In comparison with the week of 19-25 November 2017, the industry reported the following:

• Occupancy: +0.6% to 62.1%
• Average daily rate (ADR): +1.4% to CAD143.80
• Revenue per available room (RevPAR): +2.1% to CAD89.26

Among the provinces and territories, Manitoba registered the only double-digit increase in RevPAR (+12.5% to CAD91.01), due primarily to the highest rise in occupancy (+8.7% to 73.2%).

The Northwest Territories posted the largest lift in ADR (+6.3% to CAD171.49).

British Columbia reported the second-highest increases in ADR (+5.2% to CAD153.32) and RevPAR (+9.8% to CAD95.58).

Newfoundland and Labrador saw the only double-digit decreases in occupancy (-10.3% to 51.6%) and RevPAR (-17.2% to CAD62.40) as well as the steepest decline in ADR (-7.6% to CAD120.95).

Prince Edward Island registered the second-largest drops in occupancy (-8.2% to 40.2%) and RevPAR (-7.0% to CAD44.95).

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.