Market Reports

Canadian Hotels Report Negative YOY Results for Week Ending 18 January 2020

Canadian hotel occupancy fell 3.7% to 52.4% during the week of 12-18 January as ADR dipped 0.1% to 146.51 Canadian dollars ($111.30) and RevPAR decreased 3.8% to CA$76.74 ($58.30).
Photo of white and brown wooden house - Unsplash
Nova Scotia reported the highest increases in each of the three key performance metrics

STR

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 12-18 January 2020, according to data from STR.

In comparison with the week of 13-19 January 2019, the industry reported the following:

• Occupancy: -3.7% to 52.4%
• Average daily rate (ADR): -0.1 to CAD146.51
• Revenue per available room (RevPAR): -3.8% to CAD76.74

Among the provinces and territories, Alberta experienced the steepest decline in occupancy (-15.1% to 42.2%), which resulted in the largest drop in RevPAR (-15.9% to CAD56.00).

Newfoundland and Labrador reported the largest decrease in ADR (-7.2% to CAD113.91) and the second-largest decline in RevPAR (-14.0% to CAD37.71).

Saskatchewan saw the only other double-digit drop in occupancy (-10.1% to 50.6%).

Nova Scotia reported the highest increases in each of the three key performance metrics: occupancy (+3.5% to 44.1%), ADR (+2.6% to CAD123.93) and RevPAR (+6.2% to CAD54.60).

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.