Market Report Canada

Positive Performance Metrics for Canadian Hotel Industry Week Ending 21 October 2017

The Canadian hotel industry reported occupancy rose 3.8% to 73.9% during the week of 15-21 October. ADR also increased 5.8% to 157.55 Canadian dollars ($123.02), which pushed RevPAR up 9.8% to CA$116.43 ($90.91).

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).

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