Positive Performance Metrics for Canadian Hotel Industry Week Ending 11 November 2017
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 5-11 November 2017, according to data from STR.
In comparison with the week of 6-12 November 2016, the industry reported the following:
- Occupancy: +6.6% to 65.0%
- Average daily rate (ADR): +5.0% to CAD144.83
- Revenue per available room (RevPAR): +11.9% to CAD94.08
Among the provinces and territories, Newfoundland and Labrador reported the largest increase in RevPAR (+24.0% to CAD84.63).
Overall, eight of 10 provinces experienced growth in RevPAR for the week.
Ontario reported the second-highest increase in RevPAR (+18.2% to CAD109.66), due to the week’s only double-digit rise in ADR (+10.0% to CAD154.06).
The Northwest Territories experienced the highest lift in occupancy (+28.5% to 56.4%), but reported the largest decline in ADR (-9.0% to CAD144.48).
Saskatchewan reported the largest drop in RevPAR (-3.2% to CAD66.61), due to the second-largest decrease in ADR (-5.4% to US$117.15).
All of the reporting provinces and territories experienced growth in occupancy.
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.
Logos, product and company names mentioned are the property of their respective owners.