The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 30 September through 6 October 2018, according to data from STR.
In comparison with the week of 1-7 October 2017, the industry reported the following:
• Occupancy: flat at 74.6%
• Average daily rate (ADR): +3.8% to CAD165.15
• Revenue per available room (RevPAR): +3.7% to CAD123.17
Among the provinces and territories, Saskatchewan reported the largest increase in RevPAR (+13.7% to CAD73.45), due primarily to the only double-digit rise in occupancy (+11.3% to 61.2%).
British Columbia posted the only double-digit lift in ADR (+12.6% to CAD186.41), resulting in the second-largest jump in RevPAR (+13.6% to CAD148.15).
The Northwest Territories saw the only other double-digit increase in RevPAR (+10.2% to CAD158.79).
Overall, eight of the 11 reporting provinces and territories reported an increase in RevPAR.
Newfoundland and Labrador registered the only double-digit decreases in occupancy (-11.9% to 57.7%) and RevPAR (-18.8% to CAD79.21), and the steepest drop in ADR (-7.8% to CAD137.31).
Alberta posted the only other decline in ADR (-3.8% to CAD145.36), resulting in the second-largest decrease in RevPAR (-4.3% to CAD85.88).
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.