Article Summary: During the week of 13-19 January, Canadian hotel occupancy decreased 1.1% to 54.6%, but a 3% ADR increase to 146.36 Canadian dollars ($109.66) raised RevPAR 1.9% to CA$79.98 ($59.92).
During the week of 13-19 January, Canadian hotel occupancy decreased 1.1% to 54.6%, but a 3% ADR increase to 146.36 Canadian dollars ($109.66) raised RevPAR 1.9% to CA$79.98 ($59.92).
Primary Category: Weekly Data
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 13-19 January 2019, according to data from STR.
In comparison with the week of 14-20 January 2018, the industry reported the following:
• Occupancy: -1.1% to 54.6%
• Average daily rate (ADR): +3.0% to CAD146.36
• Revenue per available room (RevPAR): +1.9% to CAD79.98
Among the provinces and territories, Saskatchewan reported the largest increase in RevPAR (+22.8% to CAD66.55), due primarily to the only double-digit rise in occupancy (+15.7 % to 55.6%).
British Columbia posted the largest lift in ADR (+7.8% to CAD174.07), which resulted in the only other double-digit jump in RevPAR (+10.0% to CAD104.70).
Prince Edward Island saw the second-largest lift in ADR (+7.4% to CAD117.69), but the second-largest drop in occupancy (-15.2% to 31.2%).
The Northwest Territories registered the steepest decreases in occupancy (-25.1% to 58.1%) and RevPAR (-25.8% to CAD97.38).
Newfoundland and Labrador reported the largest decline in ADR (-6.0% to CAD123.21) and the second-largest drop in RevPAR (-12.2% to CAD45.67).
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Headline: STR: Canada hotel results for week ending 19 January
Article Date: 1/24/2019
Article Time: 6:15:00 AM