Market Report Canada

Canadian Hotel Occupancy Up 2.7 Percent to 54.3 Percent For Week Ending 21 January 2017

Revenue per available room up 5.0 Percent to CAD$74.46

The Canadian hotel industry reported positive results in the three key performance metrics during the week of 15-21 January 2017, according to data from STR.

In year-over-year comparisons, the country’s occupancy rose 2.7% to 54.3%, and average daily rate (ADR) increased 2.3% to CAD137.02. As a result, revenue per available room (RevPAR) grew 5.0% to CAD74.46.

Among the provinces, Prince Edward Island posted the largest year-over-year increases across the three metrics. Occupancy was up 17.0% to 37.8%, ADR increased 8.0% to CAD108.41 and RevPAR rose 26.3% to CAD41.00.

Two additional provinces reported a double-digit lift in RevPAR for the week: British Columbia (16.2% to CAD89.70) and Quebec (+10.4% to CAD81.69).

After Prince Edward Island, British Columbia was the only other province to show a double-digit increase in occupancy (+10.1% to 58.9%).

Nova Scotia experienced the steepest declines in occupancy (-14.1% to 46.8%) and RevPAR (-16.1% to CAD54.94). ADR in the province was down 2.3% to CAD117.44.

Two other provinces saw a double-digit decrease in RevPAR: Saskatchewan (-14.3% to CAD53.21) and Newfoundland and Labrador (-11.8% to CAD54.04).

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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