Canadian Hotel Occupancy Up 3.0 Percent to 61.2 Percent For Week Ending 8 December 2018
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 2-8 December 2018, according to data from STR.
• Occupancy: +3.0% to 61.2%
• Average daily rate (ADR): +3.3% to CAD145.89
• Revenue per available room (RevPAR): +6.4% to CAD89.24
Among the provinces and territories, Quebec reported the largest increase in RevPAR (+22.4% to CAD114.22), driven by the only double-digit lift in ADR (+10.3% to CAD161.68) and the second-highest rise in occupancy (+11.0% to 70.6%).
Manitoba experienced the largest increase in occupancy (+11.7% to 72.9%) and the only other double-digit jump in RevPAR (+17.3% to CAD92.45).
Six of the 11 reporting provinces and territories saw RevPAR growth.
The Northwest Territories posted the second-largest increase in ADR (+8.5% to CAD167.26), but saw the steepest decline in occupancy (-19.6% to 63.9%).
Newfoundland and Labrador posted the largest decreases in ADR (-9.7% to CAD119.26) and RevPAR (-24.7% to CAD53.93).
Prince Edward Island experienced the second-largest drop in occupancy (-19.2% to 36.8%), which resulted in the second-steepest decline in RevPAR (-19.8% to CAD39.98).
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.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.