The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 10-16 December 2017, according to data from STR.
In comparison with the week of 11-17 December 2016, the industry reported the following:
- Occupancy: +6.9% to 53.4%
- Average daily rate (ADR): +3.9% to CAD135.78
- Revenue per available room (RevPAR): +11.1% to CAD72.44
Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+20.6% to CAD51.22).
The Northwest Territories posted the second-largest year-over-year jump in RevPAR (+19.2% to CAD108.76), due to the largest increase in occupancy (+23.6% to 69.6%).
Overall, nine of the 11 reporting provinces and territories reported RevPAR growth.
Ontario registered the largest increase in ADR (+8.0% to CAD140.46).
Prince Edward Island experienced the largest decline in occupancy (-7.8% to 29.7%) and the only decrease in RevPAR (-2.4% to CAD30.45).
Saskatchewan reported the largest drop in ADR (-4.6% to CAD113.44). RevPAR in the province remained flat at CAD54.62.
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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