The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 7-13 October 2018, according to data from STR.
In comparison with the week of 8-14 October 2017, the industry reported the following:
• Occupancy: +1.3% to 69.6%
• Average daily rate (ADR): +2.5% to CAD158.15
• Revenue per available room (RevPAR): +3.9% to CAD109.99
Among the provinces and territories, Prince Edward Island reported the only double-digit increase in occupancy (+14.8% to 70.5%), which drove the highest jump in RevPAR (+23.6% to CAD97.60).
Nova Scotia posted the only double-digit lift in ADR (+10.9% to CAD161.42) and the second-largest increases in occupancy (+8.4% to 74.8%) and RevPAR (+20.2% to CAD120.75).
New Brunswick saw the third-largest increase in RevPAR (+9.9% to CAD83.68).
Overall, 10 of the 11 reporting provinces and territories reported growth in RevPAR.
Newfoundland and Labrador registered the only decrease in RevPAR (-13.6% to CAD64.54) because of the steepest declines in occupancy (-8.1% to 49.3%) and ADR (-5.9% to CAD131.01).
British Columbia experienced the second-largest drop in occupancy (-0.7% to 70.7%).
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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