Canadian Hotel Occupancy Down -1.2 Percent to 58.4 Percent For Week Ending 2 November 2019

Save on your hotel - hotelscombined.com


Parliament Hill, Ottawa, Canada

Canadian Hotels Report Mixed YOY Results for Week Ending 2 November 2019

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.

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

© 2019 Hotel News Resource



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *