The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 11-17 February 2018, according to data from STR.
In comparison with the week of 12-18 February 2017, the industry reported the following:
- Occupancy: +1.3% to 58.6%
- Average daily rate (ADR): +3.6% to CAD146.50
- Revenue per available room (RevPAR): +4.9% to CAD85.80
Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+32.6% to CAD62.61), due primarily to the largest rise in occupancy (+23.8% to 52.5%).
Prince Edward Island posted the only double-digit lift in ADR (+13.0% to CAD119.57).
The Northwest Territories experienced the only other double-digit jump in occupancy (+21.2% to 95.2%) and the second-highest increase in RevPAR (+24.0% to CAD157.35).
Overall, eight of the 11 reporting provinces and territories reported growth in RevPAR.
Quebec experienced the largest decreases in occupancy (-7.1% to 63.8%) and RevPAR (-5.4% to CAD96.02).
Saskatchewan reported the steepest drop in ADR (-4.1% to CAD114.74), and the second-largest decline in RevPAR (-3.7% to CAD56.76).
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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