The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 4-10 February 2018, according to data from STR.
In comparison with the week of 5-11 February 2017, the industry reported the following:
- Occupancy: +1.1% to 57.4%
- Average daily rate (ADR): +2.8% to CAD144.02
- Revenue per available room (RevPAR): +3.9% to CAD82.61
Among the provinces and territories, Prince Edward Island reported the only double-digit increase in RevPAR (+13.0% to CAD51.06), due primarily to the largest lift in ADR (+8.2% to CAD115.73).
The Northwest Territories posted the largest rise in occupancy (+6.2% to 90.4%).
Newfoundland and Labrador saw the only double-digit drops in occupancy (-14.6% to 40.7%) and RevPAR (-15.1% to CAD52.33).
Saskatchewan reported the steepest decline in ADR (-5.3% to CAD117.64).
Quebec experienced the second-largest decreases in occupancy (-4.7% to 61.1%) and RevPAR (-3.4% to CAD91.39).
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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