Market Reports

Positive YOY Performance for Canadian Hotel Industry Week Ending 1 September 2018

During the week of 26 August through 1 September, Canadian hotel occupancy rose 1.1% to 77.7%, average daily rate increased 2.4% to 171.93 Canadian dollars ($130.59) and RevPAR rose 3.5% to CA$133.59 ($101.45).
A Maple Leaf - Photo by Kai Oberhäuser on Unsplash
Positive YOY Performance for Canadian Hotel Industry Week Ending 1 September 2018

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 26 August through 1 September 2018, according to data from STR.

In comparison with the week of 27 August through 2 September 2017, the industry reported the following:

  • Occupancy: +1.1% to 77.7%
  • Average daily rate (ADR): +2.4% to CAD171.93
  • Revenue per available room (RevPAR): +3.5% to CAD133.59

Among the provinces and territories, Ontario reported the largest increases in each of the three key performance metrics: occupancy (+4.1% to 83.9%), ADR (+5.6% to CAD168.822) and RevPAR (+9.9% to CAD141.67).

Quebec saw the second-highest rise in occupancy (+2.8% to 83.0%).

Manitoba posted the second-largest lift in ADR (+5.2% to CAD123.17), which drove the second-largest jump in RevPAR (+4.8% to CAD97.18).

Newfoundland and Labrador registered the only double-digit decreases in each of the three key performance metrics: occupancy (-16.6% to 63.7%), ADR (-10.9% to CAD133.35) and RevPAR (-25.7% to CAD84.93).

British Columbia experienced the second-steepest drop in occupancy (-2.6% to 81.9%).

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.



Logos, product and company names mentioned are the property of their respective owners.