Market Report Canada

Canadian Hotel Occupancy Up 3.8 Percent to 60.1 Percent For Week Ending 4 November 2017

Revenue per available room grows 9.3 Percent to CAD$86.86

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 29 October through 4 November 2017, according to data from STR.

In comparison with the week of 30 October through 5 November 2016, the industry reported the following:

• Occupancy: +3.8% to 60.1%
• Average daily rate (ADR): +5.3% to CAD144.60
• Revenue per available room (RevPAR): +9.3% to CAD86.86

Among the provinces and territories, Prince Edward Island posted the only double-digit increase in ADR (+13.6% to CAD122.50) and the highest lift in RevPAR (+39.4% to CAD54.48). Occupancy in the province rose 22.7% to 44.5%.

Overall, eight of the 11 provinces experienced growth in RevPAR for the week.

The Northwest Territories reported the second-highest increase in RevPAR (+21.4% to CAD80.06), due to the week’s largest rise in occupancy (+32.7% to 54.8%). ADR in the market dropped 8.5% to CAD146.14.

Saskatchewan reported the steepest decline in RevPAR (-7.7% to CAD64.57), due primarily to the second-largest decrease in ADR (-7.4% to CAD116.38).

New Brunswick experienced the largest decrease in occupancy (-5.6% to 54.7%).

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.

Request Information from this organization

Please click the link below to request more information from the organization or company featured in this article.

Request Information from STR