The Canadian hotel industry posted positive year-over-year results in the three key performance metrics during the week of 4-10 November 2018, according to data from STR.
In comparison with the week of 5-11 November 2017, the industry reported the following:
• Occupancy: +2.4% to 66.2%
• Average daily rate (ADR): +2.7% to CAD149.33
• Revenue per available room (RevPAR): +5.2% to CAD98.92
Among the provinces and territories, New Brunswick registered the largest increases in occupancy (+16.3% to 65.9%) and RevPAR (+21.8% to CAD80.09).
Manitoba saw the only other double-digit jump in occupancy (+11.4% to 72.0%).
Prince Edward Island reported the second-highest lift in RevPAR (+15.9% to CAD48.85).
The Northwest Territories posted the only double-digit increase in ADR (+14.1% to CAD165.41) despite a 10.1% drop in occupancy to 50.8%.
Newfoundland and Labrador reported the steepest declines in each of the three key performance metrics: occupancy (-12.6% to 51.4%), ADR (-9.6% to CAD127.53) and RevPAR (-21.0% to CAD65.50).
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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