Positive Performance Metrics for Canadian Hotel Industry Week Ending 2 December 2017
During the week of 26 November to 2 December, the Canadian hotel industry reported occupancy rose 3% to 61.7%, ADR increased 4.1% to 143.10 Canadian dollars ($111.45) and RevPAR jumped 7.2% to CA$88.26 ($68.74).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 26 November through 2 December 2017, according to data from STR.
In comparison with the week of 27 November through 3 December 2016, the industry reported the following:
• Occupancy: +3.0% to 61.7%
• Average daily rate (ADR): +4.1% to CAD143.10
• Revenue per available room (RevPAR): +7.2% to CAD88.26
Among the provinces and territories, Ontario posted the largest year-over-year increase in RevPAR (+12.6% to CAD106.74), due mostly to the week’s highest lift in ADR (+8.0% to CAD153.98).
Two additional provinces saw double-digit growth in RevPAR: Nova Scotia (+11.0% to CAD76.21) and Quebec (+10.7% to CAD98.83).
Manitoba experienced the largest increase in occupancy (+5.6% to 70.8%).
The Northwest Territories saw the only double-digit declines in occupancy (-14.2% to 62.2%) and RevPAR (-18.7% to CAD97.46).
Saskatchewan reported the steepest drop in ADR (-5.3% to CAD117.56).
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