STR

The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 3-9 March 2019, according to data from STR.

In comparison with the week of 4-10 March 2018, the industry reported the following:

• Occupancy: -1.9% to 59.9%
• Average daily rate (ADR): +0.4% to CAD155.46
• Revenue per available room (RevPAR): -1.5% to CAD93.17

Among the provinces and territories, Manitoba registered the largest increases in occupancy (+5.3% to 69.5%) and RevPAR (+9.8% to CAD88.97).

Prince Edward Island posted the largest lift in ADR (+7.3% to CAD113.45) but the steepest decline in occupancy (-17.7% to 29.6%), which resulted in the second-largest decline in RevPAR (-11.7% to CAD33.61).

Nova Scotia reported the largest drop in RevPAR (-13.7% to CAD77.65), due primarily to the only other double-digit decrease in occupancy (-11.0% to 60.8%).

Newfoundland and Labrador saw the steepest decline in ADR (-7.0% to CAD123.11) and the third-largest drop in RevPAR (-11.2% to CAD55.75).

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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