Market Report Canada

Canadian Hotel Occupancy Up 13.9 Percent to 50.1 Percent For Week Ending 17 December 2016

Revenue per available room up 18.2 Percent to CAD$65.48

The Canadian hotel industry reported positive results in the three key performance metrics during the week of 11-17 December 2016, according to data from STR.

In year-over-year comparisons, the country’s occupancy increased 13.9% to 50.1%. Average daily rate (ADR) for the week was up 3.7% to CAD130.65. Revenue per available room (RevPAR) grew 18.2% to CAD65.48.

Among the provinces, Prince Edward Island recorded the largest year-over-year increases in occupancy (+26.8% to 33.0%) and RevPAR (+30.4% to CAD32.21).

Three additional provinces reported RevPAR growth of more than 20.0% for the week: Quebec (+26.1% to CAD74.54), Ontario (+25.6% to CAD69.86) and British Columbia (+22.8% to CAD71.60).

Ontario posted the largest rise in ADR (+7.4% to CAD130.11).

After Prince Edward Island, three other provinces experienced an occupancy increase of more than 15.0%: Quebec (+19.5% to 54.4%), Ontario (+17.0% to 53.7%) and British Columbia (+16.3% to 50.6%).

Overall, all 10 of the reporting provinces saw increases in occupancy and RevPAR, while six of the provinces reported double-digit growth in the two metrics.

Three provinces reported a decrease in ADR for the week. Alberta (-4.6% to CAD127.26) reported the steepest decline in the metric.

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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