Market Report Canada

Canadian Hotel Occupancy Up 6.9 Percent to 53.4 Percent For Week Ending 16 December 2017

Revenue per available room grows 11.1 Percent to CAD$72.44

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 10-16 December 2017, according to data from STR.

In comparison with the week of 11-17 December 2016, the industry reported the following:

  • Occupancy: +6.9% to 53.4%
  • Average daily rate (ADR): +3.9% to CAD135.78
  • Revenue per available room (RevPAR): +11.1% to CAD72.44

Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+20.6% to CAD51.22).

The Northwest Territories posted the second-largest year-over-year jump in RevPAR (+19.2% to CAD108.76), due to the largest increase in occupancy (+23.6% to 69.6%).

Overall, nine of the 11 reporting provinces and territories reported RevPAR growth.

Ontario registered the largest increase in ADR (+8.0% to CAD140.46).

Prince Edward Island experienced the largest decline in occupancy (-7.8% to 29.7%) and the only decrease in RevPAR (-2.4% to CAD30.45).

Saskatchewan reported the largest drop in ADR (-4.6% to CAD113.44). RevPAR in the province remained flat at CAD54.62.

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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