The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 24-30 September 2017, according to data from STR.
In comparison with the week of 25 September through 1 October 2016, the industry reported the following:
- Occupancy: +2.8% to 78.6%
- Average daily rate (ADR): +5.5% to CAD167.12
- Revenue per available room (RevPAR): +8.5% to CAD131.33
Among the provinces, British Columbia posted the weeks highest increase in RevPAR (+15.2% to CAD155.26), due primarily to the only double-digit rise in ADR (+11.4% to CAD190.97).
Three additional provinces reported double-digit growth in RevPAR: Nova Scotia (+13.9% to CAD137.78), Ontario (+11.2% to CAD142.33) and New Brunswick (+10.1% to CAD95.75).
Overall, nine of the 11 reporting provinces experienced growth in RevPAR for the week.
Newfoundland and Labrador experienced the largest rise in occupancy (+6.1% to 82.8%).
Quebec reported the largest decline in RevPAR (-2.8% to CAD155.32), due to the largest drop in occupancy (-4.0% to 85.4%).
Saskatchewan experienced the largest decrease in ADR (-3.2% to CAD119.66).
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.