The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 30 June through 6 July 2019, according to data from STR.
In comparison with the week of 1-7 July 2018, the industry reported the following:
• Occupancy: -0.1% to 71.8%
• Average daily rate (ADR): +0.3% to CAD180.70
• Revenue per available room (RevPAR): +0.2% to CAD129.79
Among the provinces and territories, New Brunswick registered the largest jump in RevPAR (+8.6% to CAD102.94), due primarily to the largest lift in ADR (+4.4% to CAD142.90).
Manitoba experienced the highest rise in occupancy (+4.3% to 61.9%)
Newfoundland and Labrador saw the steepest declines in occupancy (-9.0% to 62.7%) and ADR (-13.1% to CAD136.01), which resulted in the largest drop in RevPAR (-20.9% to CAD85.22).
Prince Edward Island reported the second-largest decreases in occupancy (-5.3% to 76.6%) and RevPAR (-5.8% to CAD144.05).
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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© 2019 Hotel News Resource