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.
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