Negative Performance Metrics for Canadian Hotel Industry Week Ending 11 February 2017
The Canadian hotel industry reported negative results in the three key performance metrics during the week of 5-11 February 2017, according to data from STR.
Year-over-year comparison with the week of 7-13 February 2016:
- Occupancy: -1.4% to 56.7%
- Average daily rate (ADR): -3.3% to CAD140.06
- Revenue per available room (RevPAR): -4.6% to CAD79.47
Among the provinces, Prince Edward Island recorded the only double-digit increase in occupancy (+10.5% to 43.3%) and the largest rise in RevPAR (+13.5% to CAD46.42). ADR in the province rose 2.7% to CAD107.23.
Nova Scotia posted the largest increase in ADR (+5.9% to CAD121.24) and the only other double-digit lift in RevPAR (+10.3% to CAD60.47).
Ontario reported the steepest declines across the three key metrics. Occupancy fell 4.7% to 59.4%, ADR was down 7.6% to CAD139.91 and RevPAR dropped 11.9% to CAD83.06.
No other double-digit decreases were reported in any of the provinces.
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