Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 27 April 2019

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Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 27 April 2019

During the week of 21-27 April, Canadian hotel occupancy decreased 6.1% to 64.9%, ADR decreased 1.1% to 148.97 Canadian dollars ($111.87) and RevPAR decreased 7.2% to CA$96.67 ($71.11).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 21-27 April 2019, according to data from STR.

In comparison with the week of 22-28 April 2018, the industry reported the following:

• Occupancy: -6.1% to 64.9%
• Average daily rate (ADR): -1.1% to CAD148.97
• Revenue per available room (RevPAR): -7.2% to CAD96.67

Among the provinces and territories, Prince Edward Island posted the largest increase in RevPAR (+25.3% to CAD75.56), driven by the largest lift in ADR (+8.6% to CAD129.88). Occupancy in the province rose 15.4% to 58.2%.

Newfoundland and Labrador experienced the highest rise in occupancy (+22.7% to 57.5%) and the second-steepest drop in ADR (-8.7% to CAD120.30), which still combined for the only other double-digit jump in RevPAR (+12.0% to CAD69.13).

Nova Scotia reported the largest declines in each of the three key performance metrics: occupancy (-16.0% to 63.2%), ADR (-10.7% to CAD131.58) and RevPAR (-25.1% to CAD83.12).

Ontario posted the second-largest decrease in RevPAR (-11.3% to CAD105.43), due primarily to the second-steepest decline in occupancy (-8.1% to 69.0%).

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