Negative YOY Performance for Canadian Hotel Industry Week Ending 12 January 2019

A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Canadian Hotel Occupancy Down 6.9 Percent to 46.4 Percent For Week Ending 12 January 2019

The Canadian hotel industry saw occupancy decrease 6.9% to 46.4% during the week of 6-12 January, while ADR dipped 0.9% to 139.72 Canadian dollars ($105.09) and RevPAR dropped 7.7% to CA$64.82 ($48.76).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 6-12 January 2019, according to data from STR.

In comparison with the week of 7-13 January 2018, the industry reported the following:

• Occupancy: -6.9% to 46.4%
• Average daily rate (ADR): -0.9% to CAD139.72
• Revenue per available room (RevPAR): -7.7% to CAD64.82

Among the provinces and territories, British Columbia reported the largest increase in RevPAR (+2.8% to CAD41.90), due primarily to the largest jump in ADR (+5.3% to CAD115.53).

Manitoba experienced the highest rise in occupancy (+3.6% to 52.3%), which resulted in the only other jump in RevPAR (+2.2% to CAD60.98).

British Columbia saw the second-largest lift in ADR (+1.7% to US$171.91).

The Northwest Territories registered the steepest decreases in occupancy (-24.6% to 44.6%) and RevPAR (-24.7% to CAD73.50).

Saskatchewan posted the largest decline in ADR (-7.3% to CAD109.73).

New Brunswick experienced the second-largest drop in occupancy (-16.9% to 36.1%), which resulted in the second-steepest decrease in RevPAR (-18.9% to CAD41.68).

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.