The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 28 January through 3 February 2018, according to data from STR.
In comparison with the week of 29 January through 4 February 2017, the industry reported the following:
- Occupancy: +1.1% to 55.6%
- Average daily rate (ADR): +3.7% to CAD144.03
- Revenue per available room (RevPAR): +4.9% to CAD80.13
Among the provinces and territories, Ontario reported the largest rise in occupancy (+3.8% to 60.8%) and the only double-digit increase in RevPAR (+10.0% to CAD89.72).
British Colombia posted the largest lift in ADR (+6.4% to CAD164.40) and the second-largest increase in RevPAR (+6.4% to CAD96.94).
The Northwest Territories experienced the only double-digit drops in occupancy (-12.8% to 75.6%) and RevPAR (-16.1% to CAD121.96).
Saskatchewan reported the steepest decline in ADR (-4.8% to CAD112.86).
Prince Edward Island saw the second-largest decreases in occupancy (-5.0% to 31.5%) and RevPAR (-6.0% to CAD33.13).
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.