Market Reports

Mixed YOY Metrics for Canadian Hotel Industry Week Ending 22 December 2018

The Canadian hotel industry saw occupancy increase 8% to 40% during the week of 16-22 December. ADR declined 2.2% to 136.28 Canadian dollars ($100.07) during the week, but RevPAR rose 5.7% to CA$54.48 ($40).
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Canadian Hotel Occupancy Up 8.0 Percent to 40.0 Percent For Week Ending 22 December 2018

STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 16-22 December 2018, according to data from STR.

In comparison with the week of 17-23 December 2017, the industry reported the following:

• Occupancy: +8.0% to 40.0%
• Average daily rate (ADR): -2.2% to CAD136.28
• Revenue per available room (RevPAR): +5.7% to CAD54.48

Among the provinces and territories, Nova Scotia reported the largest increase in RevPAR (+19.7% to CAD37.93), due primarily to the highest rise in occupancy (+17.2% to 32.4%).

Prince Edward Island posted the largest lift in ADR (+6.5% to CAD98.56).

Manitoba saw the second-highest jump in RevPAR (+15.6% to CAD52.69).

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

Newfoundland and Labrador registered the largest decrease in RevPAR (-2.7% to CAD32.79) because of the second-largest drop in ADR (-8.3% to CAD113.14).

Alberta posted the steepest decline in ADR (-9.5% to CAD123.74).

The Northwest Territories experienced the only decrease in occupancy (-3.3% to 53.4%).

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