STR: Canada Hotel Results For Week Ending 21 September
For the week ending 21 September, Canada hotels reported a 1.5% year over year decline in occupancy to 78.5%, which was mitigated somewhat by a 1.8% increase in ADR to 179.45 Canadian dollars ($135.43) to keep RevPAR nearly flat at 0.3% growth to CAD140.93 ($106.36).
In comparison with the week of 16-22 September 2018, the industry reported the following:
- Occupancy: -1.5% to 78.5%
- Average daily rate (ADR): +1.8% to CAD179.45
- Revenue per available room (RevPAR): +0.3% to CAD140.93
Among the provinces and territories, Prince Edward Island registered the highest increase in RevPAR (+11.9% to CAD170.51), due mostly to the largest rise in ADR (+8.5% to CAD184.51).
Nova Scotia saw the largest rise in occupancy (+3.9% to 92.1%).
Saskatchewan experienced the steepest decline in occupancy (-7.8% to 59.3%).
Newfoundland and Labrador reported the largest decreases in ADR (-7.3% to CAD150.15) and RevPAR (-12.8% to CAD121.03).
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.
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