Market Reports

Positive YOY Results for Canadian Hotel Industry Week Ending 15 December 2018

During the week of 9-15 December, Canadian hotel occupancy rose 2.6% to 54.5%, ADR increased 1.5% to 138.74 Canadian dollars ($103.12) and RevPAR rose 4.1% to CA$75.61 ($56.20).
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Positive YOY Results for Canadian Hotel Industry Week Ending 15 December 2018

STR

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

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

  • Occupancy: +2.6% to 54.5%
  • Average daily rate (ADR): +1.5% to CAD138.74
  • Revenue per available room (RevPAR): +4.1% to CAD75.61

Among the provinces and territories, Prince Edward Island registered the highest lift in RevPAR (+22.8% to CAD36.60), which was driven by the only double-digit increase in ADR (+12.0% to CAD116.16) and the second-highest rise in occupancy (+9.6% to 31.5%).

Alberta experienced the highest jump in occupancy (+9.8% to 49.4%), but the second-largest drop in ADR (-3.1% to CAD125.31).

Saskatchewan saw the second-largest lift in RevPAR (+7.5% to CAD58.55), due to the third-largest increase in occupancy (+8.2% to 52.0%).

Seven of the 11 reporting provinces and territories saw RevPAR growth.

Newfoundland and Labrador posted the largest decrease in ADR (-8.3% to CAD119.71), which resulted in the steepest decline in RevPAR (-9.9% to CAD56.56).

Nova Scotia experienced the largest drop in occupancy (-5.8% to 48.3%) and the second-largest decrease in RevPAR (-6.6% to CAD58.49).

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.



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