The Canadian hotel industry reported positive year-over-year results in the three key performance metrics during the week of 28 May through 3 June 2017, according to data from STR.
In comparison with the week of 29 May through 4 June 2016, the industry reported the following:
- Occupancy: +0.9% to 72.2%
- Average daily rate (ADR): +7.4% to CAD158.95
- Revenue per available room (RevPAR): +8.3% to CAD114.71
Among the provinces, Ontario posted the largest year-over-year increase in RevPAR (+16.5% to CAD123.70), driven primarily by the week’s highest jump in ADR (+12.8% to CAD161.82). Occupancy in the province rose 3.3% to 76.4%.
Three additional provinces saw double-digit growth in RevPAR for the week: British Columbia (+15.8% to CAD144.83), Quebec (+11.9% to CAD132.96) and Nova Scotia (+11.9% to CAD115.17).
Quebec experienced the largest increase in occupancy (+5.1% to 78.9%).
Newfoundland and Labrador reported the steepest declines across the three key performance metrics. Occupancy fell 10.2% to 72.2%, ADR was down 7.0% to CAD148.93 and RevPAR dropped 16.5% to CAD107.52.
Two other provinces saw a double-digit decrease in RevPAR for the week: Saskatchewan (-12.3% to CAD67.71) and Alberta (-12.0% to CAD82.47).
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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