Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 13 July 2019

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Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 13 July 2019

Canadian hotel occupancy decreased 1.5% to 76.4% during the week of 7-13 July, ADR dipped 0.7% to 182.48 Canadian dollars ($139.51) and RevPAR fell 2.2% to CA$139.44 ($106.61).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 7-13 July 2019, according to data from STR.

In comparison with the week of 8-14 July 2018, the industry reported the following:

• Occupancy: -1.5% to 76.4%
• Average daily rate (ADR): -0.7% to CAD182.48
• Revenue per available room (RevPAR): -2.2% to CAD139.44

Among the provinces and territories, Nova Scotia experienced the highest rise in occupancy (+7.7% to 84.7%) and the only double-digit jump in RevPAR (+11.0% to CAD137.35).

New Brunswick posted the largest lift in ADR (+4.2% to CAD140.55) and the second-largest increase in RevPAR (+6.3% to CAD106.77).

Newfoundland and Labrador saw the steepest decline in RevPAR (-20.3% to CAD93.86), due primarily to the largest drop in ADR (-15.0% to CAD137.42).

Prince Edward Island registered the largest decrease in occupancy (-8.3% to 79.7%) and the second-steepest decline in RevPAR (-9.2% to CAD146.10).

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.