STR: Canada Q3 2019 hotel performance

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STR: Canada Q3 2019 hotel performance

The Canadian hotel industry reported mostly negative year-over-year results in the three key performance metrics during the third quarter of 2019, according to data from STR.

Compared with Q3 2018:

  • Occupancy: -2.0% to 76.3%
  • Average daily rate (ADR): +0.4% to CAD183.39
  • Revenue per available room (RevPAR): -1.5% to CAD139.85

August, historically Canada’s peak performance month, was the top month of the quarter in absolute values: occupancy (79.0%), ADR (CAD185.25) and RevPAR (CAD146.42).

Among the provinces and territories, New Brunswick registered the largest jump in RevPAR (+4.1% to CAD112.59), due to the largest lift in ADR (+5.0% to CAD141.81).

Newfoundland and Labrador experienced the highest rise in occupancy (+2.3% to 72.8%) but the steepest drops in ADR (-6.2% to CAD141.72) and RevPAR (-4.1% to CAD103.21).

Manitoba reported the next steepest decline in RevPAR (-4.0% to CAD89.38) because of the largest drop in occupancy (-3.2% to 72.5%).

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STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.