The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 27 October through 2 November 2019, according to data from STR.
In comparison with the week of 28 October through 3 November 2018, the industry reported the following:
- Occupancy: -1.2% to 58.4%
- Average daily rate (ADR): +1.5% to CAD147.89
- Revenue per available room (RevPAR): +0.3% to CAD86.42
Among the provinces and territories, Quebec saw the largest jump in RevPAR (+8.9% to CAD101.53), driven by the highest rise in occupancy (+5.5% to 63.4%).
Manitoba posted the largest lift in ADR (+3.3% to CAD123.87).
Newfoundland and Labrador registered the steepest declines in ADR (-8.1% to CAD122.50) and RevPAR (-17.0% to CAD55.94).
New Brunswick experienced the only double-digit drop in occupancy (-11.7% to 49.5%), which resulted in the second-largest decrease in RevPAR (-12.5% to CAD59.16).
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