Market Report Canada

Positive Performance Metrics for Canadian Hotel Industry Week Ending 3 September 2016

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.

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.

 

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