Positive Performance Metrics for Canadian Hotel Industry Week Ending 20 January 2018
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 14-20 January 2018, according to data from STR.
In comparison with the week of 15-21 January 2017, the industry reported the following:
- Occupancy: +1.9% to 55.3%
- Average daily rate (ADR): +3.2% to CAD141.56
- Revenue per available room (RevPAR): +5.2% to CAD78.24
Among the provinces and territories, the Northwest Territories reported the only double-digit increase in RevPAR (+13.8% to CAD131.20), due primarily to the only double-digit rise in occupancy (+10.3% to 77.6%).
British Colombia posted the largest lift in ADR (+6.2% to CAD161.37).
Ontario reported the second-largest rise in RevPAR (+7.4% to CAD85.42).
Overall, 10 of the 11 reporting provinces and territories reported RevPAR growth.
Newfoundland and Labrador experienced the largest drop in occupancy (-5.6% to 39.7%), resulting in the only decrease in RevPAR (-3.7% to CAD52.04).
Two provinces reported declines in ADR: Saskatchewan (-5.3% to CAD112.83) and Alberta (-2.9% to CAD130.19).
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