Canadian Hotel Industry Reports Positive YOY Resuts for Week Ending 8 June 2019

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Canadian Hotel Industry Reports Positive YOY Resuts for Week Ending 8 June 2019

Canadian hotel occupancy rose 0.4% to 74.7% during the week of 2-8 June, and a 1.1% ADR increase to 182.39 Canadian dollars ($136.94) drove RevPAR up 1.5% to CA$136.30 ($102.31).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 2-8 June 2019, according to data from STR.

In comparison with the week of 3-9 June 2018, the industry reported the following:

• Occupancy: +0.4% to 74.7%
• Average daily rate (ADR): +1.1% to CAD182.39
• Revenue per available room (RevPAR): +1.5% to CAD136.30

Among the provinces and territories, New Brunswick saw the largest increase in RevPAR (+13.6% to CAD91.22), due primarily to the highest rise in occupancy (+9.7% to 69.2%).

British Columbia posted the largest lift in ADR (+9.4% to CAD230.32), which resulted in the second-largest jump in RevPAR (+11.2% to CAD183.40).

Nova Scotia reported the second-highest increase in occupancy (+7.3% to 78.9%).

Manitoba experienced the steepest declines in occupancy (-6.6% to 70.6%) and RevPAR (-12.4% to CAD88.32). The province registered the second-largest drop in ADR (-6.2% to CAD125.08).

Alberta reported the steepest decrease in ADR (-7.7% to CAD148.75) and the second-largest decline in RevPAR (-11.3% to CAD91.72).

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.