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).


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

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).

Suggested Articles

The investment firm wants both the hotel and the nearby residential land.

Mori Building Co.'s Toranomon-Azabudai Project will include office, residential and lodging components.

At a pop-up event in New York City, the classic brand showed off its new design with a model room covered in candy.