Occupancy, rate, revenue fall in Canada's hotels

New Castle Hotels & Resorts installs new accounting system
Hotels in Nova Scotia, like the Westin Nova Scotian, reported an uptick in occupancy and RevPAR. Photo credit: Marriott International

Hotels across Canada recorded negative year-over-year results in the three key performance metrics during the week of July 7-13, according to the latest data from STR.

Compared to July 8-14, 2018, the industry reported an occupancy drop of 1.5 percent to 76.4 percent, a 0.7 percent decline in average daily rate (ADR) to CAD$139.44 and a 2.2 percent decrease in revenue per available room to CAD$139.44. 

Among the provinces and territories, Nova Scotia experienced the highest rise in occupancy (up 7.7 percent to 84.7 percent) and the only double-digit jump in RevPAR (11 percent to CAD$137.35).

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Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

New Brunswick posted the largest lift in ADR (up 4.2 percent to CAD$140.55) and the second largest increase in RevPAR (up 6.3 percent to CAD$106.77). 

Newfoundland and Labrador saw the steepest decline in RevPAR (down 20.3 percent to CAD$93.86), due primarily to the largest drop in ADR (down 15 percent to CAD$137.42).  

Prince Edward Island registered the largest decrease in occupancy (down 8.3 percent to 79.7 percent) and the second steepest decline in RevPAR (down 9.2 percent to CAD$146.10).

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