Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 24 August 2019

Red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 24 August 2019

Canadian hotel occupancy declined 1.5% to 80% during the week of 18-24 August. ADR similarly decreased 1.6% to 177.63 Canadian dollars ($133.54), dragging RevPAR down 3.1% to CA$142.08 ($106.81).

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 18-24 August 2019, according to data from STR.

In comparison with the week of 19-25 August 2018, the industry reported the following:

• Occupancy: -1.5% to 80.0%
• Average daily rate (ADR): -1.6% to CAD177.63
• Revenue per available room (RevPAR): -3.1% to CAD142.08

Among the provinces and territories, New Brunswick saw the largest jump in RevPAR (+8.0% to CAD133.06), due primarily to the largest lift in ADR (+4.9% to CAD148.26).

Newfoundland and Labrador experienced the highest rise in occupancy (+3.0% to 73.9%).

Saskatchewan registered the only double-digit declines in occupancy (-10.2% to 59.2%) and RevPAR (-10.6% to CAD67.82).

Nova Scotia posted the largest drop in ADR (-7.0% to CAD162.66), which resulted in the second-steepest decrease in RevPAR (-9.2% to CAD146.04).

Manitoba reported the second-steepest decrease in occupancy (-5.4% to 79.1%).

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.