The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 21-27 January 2018, according to data from STR.
In comparison with the week of 22-28 January 2017, the industry reported the following:
- Occupancy: +1.1% to 56.6%
- Average daily rate (ADR): +4.1% to CAD144.14
- Revenue per available room (RevPAR): +5.2% to CAD81.64
Among the provinces and territories, Prince Edward Island reported the largest increase in RevPAR (+15.5% to CAD56.88), due primarily to the largest rise in occupancy (+10.5% to 49.1%).
British Columbia posted the largest lift in ADR (+7.3% to CAD166.29) and the second-largest increase in RevPAR (+11.1% to CAD105.95).
Saskatchewan experienced the second-highest increase in occupancy (+4.8% to 51.5%), but the largest drop in ADR (-4.7% to CAD114.70).
Newfoundland and Labrador reported the largest decline in occupancy (-20.4% to 37.7%), resulting in the steepest drop in RevPAR (-21.7% to CAD48.83).
Manitoba experienced the second-largest decreases in both occupancy (-8.9% to 61.5%) and RevPAR (-8.8% to CAD75.50).
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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