The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 3-9 February 2019, according to data from STR.
In comparison with the week of 4-10 February 2018, the industry reported the following:
- Occupancy: -0.1% to 57.1%
- Average daily rate (ADR): +1.6% to CAD147.03
- Revenue per available room (RevPAR): +1.5% to CAD84.01
Among the provinces and territories, Prince Edward Island reported the largest year-over-year increases in occupancy (+7.7% to 46.4%) and the only double-digit rise in RevPAR (+13.2% to CAD56.08).
British Columbia posted the highest jump in ADR (+5.4% to CAD171.87) and the second-largest lift in RevPAR (+9.3% to CAD108.93).
Newfoundland and Labrador reported the steepest declines across the three key performance metrics: occupancy (-11.9% to 35.9%), ADR (-4.2% to CAD122.98) and RevPAR (-15.7% to CAD44.13).
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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