The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 18-24 November 2018, according to data from STR.
In comparison with the week of 19-25 November 2017, the industry reported the following:
• Occupancy: +0.6% to 62.1%
• Average daily rate (ADR): +1.4% to CAD143.80
• Revenue per available room (RevPAR): +2.1% to CAD89.26
Among the provinces and territories, Manitoba registered the only double-digit increase in RevPAR (+12.5% to CAD91.01), due primarily to the highest rise in occupancy (+8.7% to 73.2%).
The Northwest Territories posted the largest lift in ADR (+6.3% to CAD171.49).
British Columbia reported the second-highest increases in ADR (+5.2% to CAD153.32) and RevPAR (+9.8% to CAD95.58).
Newfoundland and Labrador saw the only double-digit decreases in occupancy (-10.3% to 51.6%) and RevPAR (-17.2% to CAD62.40) as well as the steepest decline in ADR (-7.6% to CAD120.95).
Prince Edward Island registered the second-largest drops in occupancy (-8.2% to 40.2%) and RevPAR (-7.0% to CAD44.95).
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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