The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 15-21 April 2018, according to data from STR.
In comparison with the week of 16-22 April 2017, the industry reported the following:
- Occupancy: +7.5% to 65.6%
- Average daily rate (ADR): +5.9% to CAD148.43
- Revenue per available room (RevPAR): +13.7% to CAD97.35
STR analysts note that performance growth was lifted by the comparison with the time of Easter and the days following the holiday in 2017.
Among the provinces and territories, Prince Edward Island experienced the largest rise in occupancy (+44.8% to 53.5%), resulting in the largest jump in RevPAR (+61.0% to CAD64.46).
Nova Scotia posted the highest lift in ADR (+17.8% to CAD150.81) and the second-largest increases in occupancy (+17.9% to 74.7%) and RevPAR (+39.0% to CAD112.65).
Overall, nine of the 11 reporting provinces and territories saw RevPAR growth.
Newfoundland and Labrador saw the largest decreases in occupancy (-30.2% to 50.1%) and RevPAR (-31.1% to CAD65.95).
Two markets reported decreases in ADR: Saskatchewan (-1.5% to CAD116.99) and Newfoundland and Labrador (-1.3% to CAD131.60).
New Brunswick experienced the second-largest decline in occupancy (-5.5% to 54.7%) and the only other decrease in RevPAR (-2.0% to CAD64.98).
Manitoba saw the only other drop in occupancy (-0.9% to 64.4%).
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