The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 22-28 October 2017, according to data from STR.
In comparison with the week of 23-29 October 2016, the industry reported the following:
- Occupancy: +7.7% to 69.5%
- Average daily rate (ADR): +6.0% to CAD150.74
- Revenue per available room (RevPAR): +14.1% to CAD104.84
Among the provinces and territories, Nova Scotia posted the week’s highest lift in RevPAR (+32.7% to CAD116.69), due primarily to the week’s largest rise in ADR (+14.7% to CAD148.35).
The Northwest Territories reported the second-highest increase in RevPAR (+26.3% to CAD127.22), due to the week’s largest increase in occupancy (+26.4% to 79.3%).
Overall, each of the 10 reporting provinces and one reporting territory experienced growth in RevPAR for the week.
The only three decreases reported in any of the metrics were in Saskatchewan (ADR: -2.2% to CAD122.70), Manitoba (ADR: -0.3% to CAD125.37) and the Northwest Territories (ADR: -0.1% to CAD160.52).
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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