The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 21-27 October 2018, according to data from STR.
In comparison with the week of 22-28 October 2017, the industry reported the following:
• Occupancy: +2.3% to 70.8%
• Average daily rate (ADR): +3.3% to CAD155.82
• Revenue per available room (RevPAR): +5.7% to CAD110.25
Among the provinces and territories, Prince Edward Island reported the largest increase in RevPAR (+20.3% to CAD79.19), due primarily to the only double-digit rise in ADR (+14.1% to CAD139.25).
New Brunswick experienced the highest rise in occupancy (+8.5% to 65.6%).
British Columbia registered the second-largest increase in ADR (+8.5% to CAD165.05), resulting in the only other double-digit increase in RevPAR (+14.0% to CAD113.46).
Overall, six of the 11 reporting provinces and territories reported an increase in RevPAR.
Newfoundland and Labrador saw the largest decreases in each of the three key performance metrics: occupancy (-16.6% to 60.5%), ADR (-12.0% to CAD133.93) and RevPAR (-26.6% to CAD81.05).
The Northwest Territories posted the only other double-digit declines in occupancy (-16.2% to 67.5%) and RevPAR (-14.9% to CAD110.38).
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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