The Canadian hotel industry reported occupancy fell 1.9% to 59.9% during the week of 3-9 March, and despite a 0.4% ADR increase to 155.46 Canadian dollars ($116.54), RevPAR declined 1.5% to CA$93.17 ($69.84).
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 3-9 March 2019, according to data from STR.
In comparison with the week of 4-10 March 2018, the industry reported the following:
• Occupancy: -1.9% to 59.9%
• Average daily rate (ADR): +0.4% to CAD155.46
• Revenue per available room (RevPAR): -1.5% to CAD93.17
Among the provinces and territories, Manitoba registered the largest increases in occupancy (+5.3% to 69.5%) and RevPAR (+9.8% to CAD88.97).
Prince Edward Island posted the largest lift in ADR (+7.3% to CAD113.45) but the steepest decline in occupancy (-17.7% to 29.6%), which resulted in the second-largest decline in RevPAR (-11.7% to CAD33.61).
Nova Scotia reported the largest drop in RevPAR (-13.7% to CAD77.65), due primarily to the only other double-digit decrease in occupancy (-11.0% to 60.8%).
Newfoundland and Labrador saw the steepest decline in ADR (-7.0% to CAD123.11) and the third-largest drop in RevPAR (-11.2% to CAD55.75).
North America Media Contacts:
+1 (615) 824-8664 ext. 3305
+1 (615) 824-8664 ext. 3500
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at email@example.com.