Market Report Canada

Canadian Hotel Occupancy Up 2.2 Percent to 79.4 Percent For Week Ending 24 September 2016

Revenue per available room up 9.6 Percent to CAD$128.36

The Canadian hotel industry reported positive results in the three key performance metrics during the week of 18-24 September 2016, according to data from STR.

In year-over-year comparisons, the country’s occupancy increased 2.2% to 79.4%. Average daily rate (ADR) for the week was up 7.3% to CAD161.68. Revenue per available room (RevPAR) grew 9.6% to CAD128.36.

Five of the 10 reporting provinces experienced a double-digit lift in RevPAR: Ontario (+18.1% to CAD140.47), British Columbia (+17.9% to CAD157.61), Prince Edward Island (+15.5% to CAD146.25), Quebec (+14.1% to CAD149.03) and New Brunswick (+12.9% to CAD94.04).

Three of those provinces posted a double-digit rise in ADR: Prince Edward Island (+14.0% to CAD162.36), Ontario (+13.1% to CAD164.02) and Quebec (+10.6% to CAD174.10).

The largest occupancy increases were seen in British Columbia (+9.2% to 86.6%) and New Brunswick (+7.5% to 75.5%).

Alberta reported the largest decreases across the three key performance metrics. Occupancy in the province fell 8.7% to 61.2%; ADR was down 6.4% to CAD146.68; and RevPAR dropped 14.5% to CAD89.75.

Saskatchewan was the only other province to experience a double-digit decrease in any of the three metrics, as RevPAR fell 10.6% to CAD80.09.

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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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