Market Report Canada

Canadian Hotel Occupancy Down 5.1 Percent to 61.8 Percent For Week Ending 25 November 2017

Revenue per available room grows 9.7 Percent to CAD$87.34

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 19-25 November 2017, according to data from STR.

In comparison with the week of 20-26 November 2016, the industry reported the following:

• Occupancy: +5.1% to 61.8%
• Average daily rate (ADR): +4.3% to CAD141.30
• Revenue per available room (RevPAR): +9.7% to CAD87.34

Among the provinces and territories, Nova Scotia reported the largest increase in RevPAR (+20.1% to CAD85.36), due in part to the week’s highest lift in ADR (+9.9% to CAD131.37).

The Northwest Territories experienced the highest rise in occupancy (+15.9% to 81.5%) and the second-largest increase in RevPAR (+16.1% to CAD131.55).

Overall, seven of the 11 reporting provinces and territories reported a double-digit rise in RevPAR.

Newfoundland and Labrador experienced the only double-digit decreases in occupancy (-10.8% to 57.8%) and RevPAR (-12.5% to CAD76.00).

Saskatchewan reported the largest decrease in ADR (-3.6% to CAD126.63).

Manitoba experienced the only other decreases in occupancy (-2.8% to 67.4%) and RevPAR (-1.3% to CAD80.93).

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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