The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 8-14 October 2017, according to data from STR.
In comparison with the week of 9-15 October 2016, the industry reported the following:
- Occupancy: +5.8% to 68.6%
- Average daily rate (ADR): +7.7% to CAD153.29
- Revenue per available room (RevPAR): +14.0% to CAD105.17
Among the provinces, the Northwest Territories posted the weeks highest increases in occupancy (+60.2% to 76.6%) and RevPAR (+64.6% to CAD119.65).
Four additional provinces reported double-digit growth in RevPAR: British Columbia (+31.8% to CAD117.22), Quebec (+22.0% to CAD142.61), Nova Scotia (+18.8% to CAD100.38) and Ontario (+13.7% to CAD118.34).
Overall, seven of the 11 reporting provinces experienced growth in RevPAR for the week.
British Columbia posted the largest increase in ADR (+14.2% to CAD164.23).
Newfoundland and Labrador experienced the only double-digit decline in RevPAR (-10.6% to CAD75.77), due mostly to the largest drop in occupancy (-7.7% to 54.2%).
Saskatchewan reported the largest decrease in ADR (-6.9% to CAD115.83).
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.