Positive Performance Metrics for Canadian Hotel Industry Week Ending 5 August 2017
During the week of 30 July to 5 August, the Canadian hotel industry reported occupancy rose 2.7% to 78.2%, ADR increased 6.6% to 174.51 Canadian dollars ($137.63) and RevPAR jumped 9.5% to CA$136.52 ($107.69).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 30 July through 5 August 2017, according to data from STR.
In comparison with the week of 31 July through 6 August 2016, the industry reported the following:
- Occupancy: +2.7% to 78.2%
- Average daily rate (ADR): +6.6% to CAD174.51
- Revenue per available room (RevPAR): +9.5% to CAD136.52
Among the provinces, Manitoba experienced the only double-digit increase in occupancy (+16.1% to 75.5%) and the highest lift in RevPAR (+27.8% to CAD96.08).
Nova Scotia posted the week’s largest rise in ADR (+16.7% to CAD167.69) as well as the second-largest increase in RevPAR (+23.8% to CAD156.00).
Newfoundland and Labrador reported the largest drops in occupancy (-6.7% to 82.5%) and RevPAR (-13.6% to CAD129.80).
Alberta reported the only double-digit decline in ADR (-11.0% to CAD144.36).
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