The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 25 February through 3 March 2018, according to data from STR.
In comparison with the week of 26 February through 4 March 2017, the industry reported the following:
- Occupancy: +1.7% to 59.6%
- Average daily rate (ADR): +3.4% to CAD147.04
- Revenue per available room (RevPAR): +5.1% to CAD87.68
Among the provinces and territories, Prince Edward Island reported the largest increase in RevPAR (+12.0% to CAD38.51).
Saskatchewan experienced the highest rise in occupancy (+12.1% to 55.5%) and the second-largest jump in RevPAR (+11.2% to CAD65.70).
Ontario posted the highest lift in ADR (+6.1% to CAD154.28).
Newfoundland and Labrador experienced the steepest declines across the three key performance indicators: occupancy (-10.8% to 52.3%), ADR (-3.7% to CAD131.40) and RevPAR (-14.1% to CAD68.79).
Manitoba reported the second-largest decreases in occupancy (-4.9% to 62.6%) and RevPAR (-3.6 to CAD76.32).
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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