The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 11-17 November 2018, according to data from STR.
In comparison with the week of 12-18 November 2017, the industry reported the following:
- Occupancy: +0.6% to 62.8%
- Average daily rate (ADR): +3.0% to CAD148.16
- Revenue per available room (RevPAR): +3.6% to CAD93.09
Among the provinces and territories, British Columbia registered the only double-digit jump in RevPAR (+13.1% to CAD95.07), driven by the second-largest increases in occupancy (+5.8% to 61.3%) and ADR (+7.0% to CAD155.08).
Manitoba experienced the highest rise in occupancy (+6.4% to 72.3%), which pushed the second-largest increase in RevPAR (+9.3% to CAD91.13).
Newfoundland and Labrador posted the largest drop in ADR (-5.1% to CAD125.73).
Prince Edward Island saw the only other double-digit declines in occupancy (-15.7% to 44.3%) and RevPAR (-14.8% to CAD51.51).
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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