The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 16-22 July 2017, according to data from STR.
In comparison with the week of 17-23 July 2016, the industry reported the following:
- Occupancy: +2.1% to 80.7%
- Average daily rate (ADR): +4.8% to CAD171.26
- Revenue per available room (RevPAR): +7.0% to CAD138.15
Among the provinces, Nova Scotia experienced the largest year-over-year increases in each of the three key performance metrics. Occupancy rose 8.4% to 90.6%, ADR was up 12.4% to CAD159.24 and RevPAR grew 21.8% to CAD144.24.
Quebec was the only other province to show double-digit growth in ADR (+10.6% to CAD184.11) and RevPAR (+14.1% to CAD158.01).
Saskatchewan reported the week’s largest drop in RevPAR (-2.4% to CAD77.18), due to the second-largest decrease in ADR (-4.1% to CAD118.96).
Alberta saw the steepest decrease in ADR (-5.4% to CAD153.50).
Prince Edward Island reported the only decrease in occupancy (-1.7% to 94.2%).
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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