Trends

Positive Performance Metrics for Canadian Hotel Industry Week Ending 17 February 2018

The Canadian hotel industry reported occupancy rose 1.3% to 58.6% during the week of 11-17 February, while ADR increased 3.6% to 146.50 Canadian dollars ($115.05) and RevPAR rose 4.9% to CA$85.80 ($67.38).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 11-17 February 2018, according to data from STR.

In comparison with the week of 12-18 February 2017, the industry reported the following:

  • Occupancy: +1.3% to 58.6%
  • Average daily rate (ADR): +3.6% to CAD146.50
  • Revenue per available room (RevPAR): +4.9% to CAD85.80

Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+32.6% to CAD62.61), due primarily to the largest rise in occupancy (+23.8% to 52.5%).

Prince Edward Island posted the only double-digit lift in ADR (+13.0% to CAD119.57).

The Northwest Territories experienced the only other double-digit jump in occupancy (+21.2% to 95.2%) and the second-highest increase in RevPAR (+24.0% to CAD157.35).

Overall, eight of the 11 reporting provinces and territories reported growth in RevPAR.

Quebec experienced the largest decreases in occupancy (-7.1% to 63.8%) and RevPAR (-5.4% to CAD96.02).

Saskatchewan reported the steepest drop in ADR (-4.1% to CAD114.74), and the second-largest decline in RevPAR (-3.7% to CAD56.76).

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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