Article Summary: The Canadian hotel industry saw occupancy decrease 6.9% to 46.4% during the week of 6-12 January, while ADR dipped 0.9% to 139.72 Canadian dollars ($105.09) and RevPAR dropped 7.7% to CA$64.82 ($48.76).
The Canadian hotel industry saw occupancy decrease 6.9% to 46.4% during the week of 6-12 January, while ADR dipped 0.9% to 139.72 Canadian dollars ($105.09) and RevPAR dropped 7.7% to CA$64.82 ($48.76).
Primary Category: Weekly Data
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 6-12 January 2019, according to data from STR.
In comparison with the week of 7-13 January 2018, the industry reported the following:
• Occupancy: -6.9% to 46.4%
• Average daily rate (ADR): -0.9% to CAD139.72
• Revenue per available room (RevPAR): -7.7% to CAD64.82
Among the provinces and territories, British Columbia reported the largest increase in RevPAR (+2.8% to CAD41.90), due primarily to the largest jump in ADR (+5.3% to CAD115.53).
Manitoba experienced the highest rise in occupancy (+3.6% to 52.3%), which resulted in the only other jump in RevPAR (+2.2% to CAD60.98).
British Columbia saw the second-largest lift in ADR (+1.7% to US$171.91).
The Northwest Territories registered the steepest decreases in occupancy (-24.6% to 44.6%) and RevPAR (-24.7% to CAD73.50).
Saskatchewan posted the largest decline in ADR (-7.3% to CAD109.73).
New Brunswick experienced the second-largest drop in occupancy (-16.9% to 36.1%), which resulted in the second-steepest decrease in RevPAR (-18.9% to CAD41.68).
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Headline: STR: Canada hotel results for week ending 12 January
Article Date: 1/17/2019
Article Time: 11:20:00 AM