The Canadian hotel industry recorded positive results in the three key performance metrics during the week of 28 August through 3 September 2016, according to data from STR.
In year-over-year comparisons, the country’s occupancy increased 2.1% to 73.0%. Average daily rate for the week was up 6.4% to CAD153.85. Revenue per available room grew 8.7% to CAD112.27.
Among the provinces, Prince Edward Island posted the only double-digit increase in occupancy (+14.4% to 92.7%) as well as the largest increases in ADR (+12.3% to CAD160.73) and RevPAR (+28.4% to CAD149.05).
Four additional provinces repoIn year-over-year comparisons, the country’s occupancy increased 2.1% to 73.0%. Average daily rate for the week was up 6.4% to CAD153.85. Revenue per available room grew 8.7% to CAD112.27.rted a double-digit lift in RevPAR for the week: Nova Scotia (+16.9% to CAD125.36), Quebec (+15.6% to CAD129.92), Ontario (+14.0% to CAD115.00) and British Columbia (+12.6% to CAD142.22).
British Columbia was the only other province to post a double-digit rise in ADR, up 10.8% to CAD181.24.
Saskatchewan reported the largest declines across the three key performance metrics. Occupancy fell 5.5% to 54.2%; ADR was down 6.2% to CAD119.14; and RevPAR dropped 11.3% to CAD64.62.
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.
Logos, product and company names mentioned are the property of their respective owners.