Positive Performance Metrics for Canadian Hotel Industry Week Ending 6 January 2018
During the week of 31 December through 6 January, Canada’s hotel industry reported occupancy increased 9.8% to 43.7%, ADR rose 13.2% to 154.26 Canadian dollars ($122.86) and RevPAR increased 24.3% to CA$67.44 ($53.71).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 31 December 2017 to 6 January 2018, according to data from STR.
In comparison with the week of 1-7 January 2017, the industry reported the following:
- Occupancy: +9.8% to 43.7%
- Average daily rate (ADR): +13.2% to CAD154.26
- Revenue per available room (RevPAR): +24.3% to CAD67.44
Opposite of the prior week, performance growth was boosted by a comparison with the week that did not include New Year’s Eve in 2016.
Among the provinces and territories, Nova Scotia reported the largest increase in RevPAR (+47.2% to CAD47.59), due primarily to the largest increase in occupancy (+32.9% to 37.4%).
British Columbia posted the largest increase in ADR (+17.2% to CAD207.41), that coupled with the second-highest lift in occupancy (+15.6% to 49.1%), resulted in the second-largest jump in RevPAR (+35.5% to CAD101.79).
Overall, each of the 11 reporting provinces and territories reported RevPAR growth.
Quebec experienced the only decline in occupancy (-2.8% to 48.3%).
Saskatchewan reported the only drop in ADR (-1.4% to CAD112.08).
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