Market Reports

Positive YOY Performance for Canadian Hotel Industry Week Ending 29 September 2018

During the week of 23-29 September, Canadian hotel occupancy rose 2.1% to 80.3%, while ADR increased 4.3% to 174.52 Canadian dollars ($135.62) and RevPAR rose 6.5% to CA$140.06 ($108.84).
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Canadian Hotel Occupancy Up 2.1 Percent to 80.3 Percent For Week Ending 29 September 2018

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 23-29 September 2018, according to data from STR.

In comparison with the week of 24-30 September 2017, the industry reported the following:

• Occupancy: +2.1% to 80.3%
• Average daily rate (ADR): +4.3% to CAD174.52
• Revenue per available room (RevPAR): +6.5% to CAD140.06

Among the provinces and territories, Manitoba registered the only double-digit increases in occupancy (+15.5% to 83.8%) and RevPAR (+22.9% to CAD108.77).

Ontario posted the largest lift in ADR (+7.7% to CAD180.61).

Nova Scotia saw the second-largest increase in RevPAR (+9.2% to CAD149.99), due primarily to the second-largest jump in ADR (+7.4% to CAD171.40).

Overall, nine of the 11 reporting provinces and territories reported an increase in RevPAR.

Saskatchewan registered the steepest decline in RevPAR (-2.4% to CAD73.33) because of the second-largest decrease in ADR (-2.9% to CAD116.25).

Alberta posted the largest drop in ADR (-4.0% to CAD150.98).

Prince Edward Island experienced the steepest decline in occupancy (-0.8% to 81.1%).

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