The Canadian hotel industry reported positive results in the three key performance metrics during the week of 30 April through 6 May 2017, according to data from STR.
In comparison with the week of 1-7 May 2016, the industry reported the following:
- Occupancy: +3.5% to 66.8%
- Average daily rate (ADR): +5.7% to CAD150.06
- Revenue per available room (RevPAR): +9.4% to CAD100.21
Among the provinces, Manitoba saw the largest year-over-year increases in occupancy (+27.0% to 71.8%) and RevPAR (+32.2% to CAD88.99). ADR in the province rose 4.1% to CAD123.87.
Quebec posted the only double-digit increase in ADR (+10.6% to CAD160.63) and the second-largest spike in RevPAR (+28.0% to CAD114.27).
Overall, six of 10 reporting provinces experienced double-digit growth in RevPAR.
Saskatchewan reported the steepest declines across the three key performance metrics. Occupancy slipped 5.9% to 55.1%, ADR was down 5.8% to CAD121.44 and RevPAR dropped 11.4% to CAD66.95.
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.
Logos, product and company names mentioned are the property of their respective owners.