Market Reports

Mixed YOY Performance for Canadian Hotel Industry Week Ending 15 September 2018

During the week of 9-15 September, Canadian hotel occupancy dipped 0.7% to 78.5%, but a 4.3% ADR increase to 177.99 Canadian dollars ($137.95) lifted RevPAR up 3.6% to CA$139.71 ($108.30).
red road bike beside red and white wooden maple leaf painted wall - Photo by Ali Tawfiq on Unsplash
Mixed YOY Performance for Canadian Hotel Industry Week Ending 15 September 2018

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 9-15 September 2018, according to data from STR.

In comparison with the week of 10-16 September 2017, the industry reported the following:

• Occupancy: -0.7% to 78.5%
• Average daily rate (ADR): +4.3% to CAD177.99
• Revenue per available room (RevPAR): +3.6% to CAD139.71

Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+7.0% to CAD108.48), mostly because of the second-highest rise in occupancy (+4.4% to 80.1%).

British Columbia posted the largest lift in ADR (+8.2% to CAD210.38), resulting in the second-largest jump in RevPAR (+6.8% to CAD179.42).

Saskatchewan experienced the highest increase in occupancy (+5.6% to 65.2%) and third-largest increase in RevPAR (+6.3% to CAD78.40).

Overall, seven of the 10 reporting provinces and territories reported an increase in RevPAR.

Newfoundland and Labrador registered the only double-digit decreases in occupancy (-10.7% to 78.5%) and RevPAR (-11.5% to CAD122.67). The province posted the second-largest decline in ADR (-0.9% to CAD156.32).

Alberta saw the steepest drop in ADR (-1.1% to CAD159.84) and the second-largest decreases in occupancy (-3.8% to 64.8%) and RevPAR (-4.9% to CAD103.52).

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.