STR: Canada Q2 2019 hotel performance
 
STR: Canada Q2 2019 hotel performance
29 JULY 2019 8:37 AM

Canadian hotel occupancy dipped 0.4% to 68.3% during Q2, but a 2.6% ADR increase to 167.71 Canadian dollars ($127.52) drove RevPAR up 2.1% to CA$114.52 ($87.08).

HENDERSONVILLE, Tennessee—The Canadian hotel industry reported mostly positive year-over-year results in the three key performance metrics during the second quarter of 2019, according to data from STR.

Compared with Q2 2018:

• Occupancy: -0.4% to 68.3%
• Average daily rate (ADR): +2.6% to CAD167.71
• Revenue per available room (RevPAR): +2.1% to CAD114.52

STR analysts attribute the dip in occupancy to supply growth (+1.4%) and comparisons with a strong quarter last year, which was boosted by an influx of visitors for anniversary celebrations around the country. Full-year forecasts for Canada suggest a slowdown in occupancy because of new inventory, but rates are expected to grow as that new supply is expected to raise the rate ceiling for the country.

In absolute values, June was Canada’s top month of the quarter for all three key performance metrics: occupancy (74.1%), ADR (CAD181.19) and RevPAR (CAD134.32).

Among the provinces and territories, British Columbia recorded the quarter’s largest increase in RevPAR (+7.6% to CAD150.81), due primarily to the largest lift in ADR (+5.9% to CAD202.53).

Newfoundland and Labrador posted highest rise in occupancy (+5.8% to 57.6%) but the steepest drop in ADR (-7.5% to CAD133.41).

Alberta saw the largest declines in occupancy (-3.6% to 57.1%) and RevPAR (-3.5% to CAD86.45).

Download STR's June 2019 global hotel review.

North America Media Contacts: 

Nick Minerd
Senior Communications Director
nminerd@str.com
+1 (615) 824-8664 ext. 3305

Haley Luther
Communications Coordinator
hluther@str.com
+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 Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.