Positive Performance Metrics for Canadian Hotel Industry Week Ending 13 January 2018
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 7-13 January 2018, according to data from STR.
In comparison with the week of 8-14 January 2017, the industry reported the following:
- Occupancy: +2.0% to 49.9%
- Average daily rate (ADR): +5.4% to CAD141.11
- Revenue per available room (RevPAR): +7.5% to CAD70.44
Among the provinces and territories, British Columbia reported the largest increase in RevPAR (+24.6% to CAD90.44), due in part to the only double-digit lift in ADR (+12.8% to CAD169.08).
The Northwest Territories experienced the largest increase in occupancy (+16.1% to 59.2%) and the second-largest jump in RevPAR (+16.8% to CAD97.57).
Newfoundland and Labrador saw the steepest decline in occupancy (-13.8% to 36.0%), resulting in the largest drop in RevPAR (-12.3% to CAD47.35).
The only decreases in ADR were reported in Saskatchewan (-4.2% to CAD118.64) and Alberta (-0.9% to CAD128.29).
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