HENDERSONVILLE, Tenn. — 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.
In a year-over-year comparison, the industry reported a 0.4-per-cent decrease in occupancy to 68.3 per cent, a 2.6-per-cent lift in Average Daily Rate (ADR) to $167.71 and a 2.1-per-cent increase in Revenue Per Available Room (RevPAR) to $114.52.
STR analysts attribute the dip in occupancy to supply growth (up 1.4 per cent), as well as comparisons with a strong quarter last year, which was boosted by an influx of visitors for Canada 150 celebrations. Full-year forecasts suggest a slowdown in occupancy due to new inventory, but rates are expected to grow as this new supply is expected to raise the rate ceiling for the country.
In absolute values, June was the top month of the quarter for all three key performance metrics, with occupancy at 74.1 per cent, ADR of $181.19 and RevPAR at $134.32.
B.C. recorded the quarter’s largest increase in RevPAR (a 7.6-per-cent increase to $150.81), due primarily to the largest lift in ADR (up 5.9 per cent to $202.53). Newfoundland and Labrador saw the highest rise in occupancy (up 5.8 per cent to 57.6 per cent), but the steepest drop in ADR (dropping 7.5 per cent to $133.41).
Alberta reported the largest declines in occupancy and RevPAR, which fell 3.6 per cent and 3.5 per cent respectively.