The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 17-23 February 2019, according to data from STR.
In comparison with the week of 18-24 February 2018, the industry reported the following:
- Occupancy: -1.1% to 59.9%
- Average daily rate (ADR): +0.8% to CAD149.85
- Revenue per available room (RevPAR): -0.3% to CAD89.81
Among the provinces and territories, Prince Edward Island experienced the highest rise in occupancy (+4.5% to 46.1%), which drove the largest jump in RevPAR (+7.7% to CAD54.28).
British Columbia posted the highest jump in ADR (+5.2% to CAD190.64).
Newfoundland and Labrador registered the largest declines in each of the three key performance metrics: occupancy (-15.6% to 37.8%), ADR (-7.8% to CAD120.32) and RevPAR (-22.3% to CAD45.50).
The Northwest Territories reported the only other double-digit drops in occupancy (-11.2% to 81.2%) and RevPAR (-12.2% to CAD134.41).
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.