The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 15-21 October 2017, according to data from STR.
In comparison with the week of 16-22 October 2016, the industry reported the following:
- Occupancy: +3.8% to 73.9%
- Average daily rate (ADR): +5.8% to CAD157.55
- Revenue per available room (RevPAR): +9.8% to CAD116.43
Among the provinces, Newfoundland and Labrador posted the week’s highest increases in occupancy (+18.5% to 71.4%) and RevPAR (+23.9% to CAD105.43).
Two additional provinces reported double-digit growth in RevPAR: Ontario (+18.8% to CAD139.29) and Nova Scotia (+17.6% to CAD110.97).
Overall, nine of the 11 reporting provinces experienced growth in RevPAR for the week.
Ontario posted the largest increase in ADR (+12.4% to CAD170.14).
Manitoba experienced the steepest declines in the three key performance metrics: occupancy (-4.8% to 80.4%), ADR (-9.1% to CAD125.55) and RevPAR (-13.5% to CAD100.98).
The Northwest Territories reported the only other decline in RevPAR (-6.1% to CAD100.64).
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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