The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 25 June through 1 July 2017, according to data from STR.
In comparison with the week of 26 June through 2 July 2016, the industry reported the following:
- Occupancy: +4.8% to 74.0%
- Average daily rate (ADR): +11.0% to CAD173.58
- Revenue per available room (RevPAR): +16.4% to CAD128.53
Among the provinces, Manitoba experienced the largest year-over-year increases in occupancy (+24.7% to 73.6%) and RevPAR (+26.5% to CAD86.72).
Ontario posted the week’s largest rise in ADR (+18.1% to CAD175.76) and the second-highest lift in RevPAR (+24.9% to CAD138.61).
Overall, six of 11 reporting provinces saw a double-digit increase in RevPAR for the week.
Newfoundland and Labrador reported the only declines in occupancy (-10.1% to 70.7%) and RevPAR (-15.3% to CAD108.47) as well as the largest decrease in ADR (-5.8% to CAD153.32).
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.
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