Negative YOY Metrics for Canadian Hotel Industry Week Ending 29 December 2018

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Negative YOY Metrics for Canadian Hotel Industry Week Ending 29 December 2018

The Canadian hotel industry experienced a 6.4% decline in occupancy to 42.1% during the week of 23-29 December, while ADR decreased 3.6% to 159.88 Canadian dollars ($118.77) and RevPAR dropped 9.8% to CA$67.27 ($49.97).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 23-29 December 2018, according to data from STR.

In comparison with the week of 24-30 December 2017, the industry reported the following:

• Occupancy: -6.4% to 42.1%
• Average daily rate (ADR): -3.6% to CAD159.88
• Revenue per available room (RevPAR): -9.8% to CAD67.27

Among the provinces and territories, the Northwest Territories experienced the only increase in occupancy (+3.7% to 69.9%) but the only double-digit drop in ADR (-11.4% to CAD162.45).

Prince Edward Island posted the largest lift in ADR (+6.2% to CAD100.08).

Manitoba saw the only other jump in ADR (+1.2% to CAD110.97).

None of the 11 reporting provinces and territories saw RevPAR growth.

Newfoundland and Labrador registered the largest decrease in RevPAR (-24.2% to CAD17.79), due to the second-largest declines in occupancy (-16.1% to 16.5%) and ADR (-9.6% to CAD107.96).

Nova Scotia experienced the steepest drop in occupancy (-16.4% to 26.9%), which resulted in the second-largest decrease in RevPAR (-19.6% to CAD29.95).

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.