Positive Performance Metrics for Canadian Hotel Industry Week Ending 23 December 2017
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 17-23 December 2017, according to data from STR.
In comparison with the week of 18-24 December 2016, the industry reported the following:
- Occupancy: +8.5% to 37.0%
- Average daily rate (ADR): -1.9% to CAD136.52
- Revenue per available room (RevPAR): +6.4% to CAD50.57
Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+22.1% to CAD29.42), due primarily to the largest increase in occupancy (+16.0 to 27.7%).
Ontario posted the largest increase in ADR (+5.4% to CAD124.72).
Manitoba experienced the second-largest rise in occupancy (+14.6% to 40.9%) and RevPAR (+18.7% to CAD45.90).
Overall, nine of the 11 reporting provinces and territories reported RevPAR growth.
The Northwest Territories experienced the only decline in occupancy (-2.3% to 55.7%) and the largest decrease in RevPAR (-9.5% to CAD88.22).
Alberta reported the only double-digit drop in ADR (-11.3% to CAD125.45).
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.