STR

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.

In comparison with the week of 3-9 December 2017, the industry reported the following:

• 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.


Logos, product and company names mentioned are the property of their respective owners.








You May Also Like

5 Effective Distribution Channels To Keep Your Hotel Alive & Competitive

The hotel industry has evolved from providing familiar service and feelings wherever…

The Rapid Rise of Hotel Metasearch – 2019 & Beyond

A growing trend within digital marketing for the hotel industry, metasearch advertising…

4 Key Trends The Hotel Industry Can’t Ignore During 2020

Now that we’re all back at work, attention is turning to the…

5 Marketing Analytics Strategies For Hotel Marketers

If you’re looking to build a successful and popular hotel, you need…