The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 13-19 January 2019, according to data from STR.
In comparison with the week of 14-20 January 2018, the industry reported the following:
• Occupancy: -1.1% to 54.6%
• Average daily rate (ADR): +3.0% to CAD146.36
• Revenue per available room (RevPAR): +1.9% to CAD79.98
Among the provinces and territories, Saskatchewan reported the largest increase in RevPAR (+22.8% to CAD66.55), due primarily to the only double-digit rise in occupancy (+15.7 % to 55.6%).
British Columbia posted the largest lift in ADR (+7.8% to CAD174.07), which resulted in the only other double-digit jump in RevPAR (+10.0% to CAD104.70).
Prince Edward Island saw the second-largest lift in ADR (+7.4% to CAD117.69), but the second-largest drop in occupancy (-15.2% to 31.2%).
The Northwest Territories registered the steepest decreases in occupancy (-25.1% to 58.1%) and RevPAR (-25.8% to CAD97.38).
Newfoundland and Labrador reported the largest decline in ADR (-6.0% to CAD123.21) and the second-largest drop in RevPAR (-12.2% to CAD45.67).
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.