Positive Performance Metrics for Canadian Hotel Industry Week Ending 6 January 2018
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 31 December 2017 to 6 January 2018, according to data from STR.
In comparison with the week of 1-7 January 2017, the industry reported the following:
- Occupancy: +9.8% to 43.7%
- Average daily rate (ADR): +13.2% to CAD154.26
- Revenue per available room (RevPAR): +24.3% to CAD67.44
Opposite of the prior week, performance growth was boosted by a comparison with the week that did not include New Year’s Eve in 2016.
Among the provinces and territories, Nova Scotia reported the largest increase in RevPAR (+47.2% to CAD47.59), due primarily to the largest increase in occupancy (+32.9% to 37.4%).
British Columbia posted the largest increase in ADR (+17.2% to CAD207.41), that coupled with the second-highest lift in occupancy (+15.6% to 49.1%), resulted in the second-largest jump in RevPAR (+35.5% to CAD101.79).
Overall, each of the 11 reporting provinces and territories reported RevPAR growth.
Quebec experienced the only decline in occupancy (-2.8% to 48.3%).
Saskatchewan reported the only drop in ADR (-1.4% to CAD112.08).
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.