Positive YOY Performance for Canadian Hotel Industry Week Ending 1 December 2018

A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Canadian Hotel Occupancy Up 2.2 Percent to 62.8 Percent For Week Ending 1 December 2018

Canadian hotel occupancy rose 2.2% to 62.8% during the week of 25 November to 1 December, according to STR. ADR similarly increased 2.4% to 146.86 Canadian dollars ($109.47), which drove RevPAR up 4.6% to CA$92.27 ($68.77).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 25 November through 1 December 2018, according to data from STR.

In comparison with the week of 26 November through 2 December 2017, the industry reported the following:

• Occupancy: +2.2% to 62.8%
• Average daily rate (ADR): +2.4% to CAD146.86
• Revenue per available room (RevPAR): +4.6% to CAD92.27

Among the provinces and territories, Manitoba registered the largest jump in RevPAR (+12.9% to CAD98.33), due primarily to the second-highest rise in occupancy (+8.2% to 76.7%).

The Northwest Territories posted the largest lift in ADR (+8.5% to CAD169.95).

Alberta experienced the highest increase in occupancy (+8.8% to 55.9%).

Seven of the 11 reporting provinces and territories saw RevPAR growth.

Newfoundland and Labrador saw the only double-digit decrease in RevPAR (-18.2% to CAD58.44) because of the steepest declines in occupancy (-9.3% to 49.0%) and ADR (-9.9% to CAD119.19).

Quebec experienced the second-largest drop in occupancy (-4.0% to 63.4%).

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.