Mostly Negative Performance Metrics for Canadian Hotel Industry Week Ending 15 April 2017
For the week of 9-15 April 2017, the Canadian hotel industry saw occupancy fall 6.8% to 56%, ADR was mostly flat (+0.1% to CA$138.54 ($102.74)), and RevPAR decreased 6.7% to CA$77.60 ($57.55).
The Canadian hotel industry reported mostly negative results in the three key performance metrics during the week of 9-15 April 2017, according to data from STR.
Different from the last several weeks, performance was negative due to the Easter calendar shift from 27 March 2016 to 16 April 2017. In a year-over-year comparison with the week of 10-16 April 2016, the industry reported the following:
- Occupancy: -6.8% to 56.0%
- Average daily rate (ADR): +0.1% to CAD138.54
- Revenue per available room (RevPAR): -6.7% to CAD77.60
Among the provinces, British Columbia experienced the largest increase in RevPAR (+1.2% to CAD98.41). Prince Edward Island recorded the top increase in ADR (+2.8% to CAD110.48). Quebec saw the only rise in occupancy (+0.7% to 62.9%).
Of the five provinces to see a double-digit decline in RevPAR, three reported a decrease of more than 20.0% in the metric: Nova Scotia (-33.7% to CAD56.53), Saskatchewan (-33.7% to CAD50.44) and Prince Edward Island (-28.8% to CAD38.40).
Saskatchewan reported the largest drop in ADR (-7.8% to CAD117.30).
Prince Edward Island saw the steepest decline in occupancy (-30.7% to 34.8%), followed by Nova Scotia (-29.9% to 47.3%) and Saskatchewan (-28.0% to 43.0%).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
Categories: Hotel Industry News