Trends

Positive Performance Metrics for Canadian Hotel Industry Week Ending 10 February 2018

Canada's hotels experienced a 1.1% occupancy increase to 57.4% during the week of 4-10 February, while ADR rose 2.8% to 144.02 Canadian dollars ($115.15) and RevPAR increased 3.9% to CA$82.61 ($66.05).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 4-10 February 2018, according to data from STR.

In comparison with the week of 5-11 February 2017, the industry reported the following:

  • Occupancy: +1.1% to 57.4%
  • Average daily rate (ADR): +2.8% to CAD144.02
  • Revenue per available room (RevPAR): +3.9% to CAD82.61

Among the provinces and territories, Prince Edward Island reported the only double-digit increase in RevPAR (+13.0% to CAD51.06), due primarily to the largest lift in ADR (+8.2% to CAD115.73).

The Northwest Territories posted the largest rise in occupancy (+6.2% to 90.4%).

Newfoundland and Labrador saw the only double-digit drops in occupancy (-14.6% to 40.7%) and RevPAR (-15.1% to CAD52.33).

Saskatchewan reported the steepest decline in ADR (-5.3% to CAD117.64).

Quebec experienced the second-largest decreases in occupancy (-4.7% to 61.1%) and RevPAR (-3.4% to CAD91.39).

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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