Positive Performance Metrics for Canadian Hotel Industry Week Ending 4 March 2017

For the week ending 4 March, the Canadian hotel industry reported occupancy increased 4.5% to 58.6%, while ADR increased 4.7% to CA$141.72 ($104.92) and RevPAR jumped 9.4% to CA$83.03 ($61.47).

The Canadian hotel industry reported positive results in the three key performance metrics during the week of 26 February through 4 March 2017, according to data from STR.

Year-over-year comparison with the week of 28 February through 5 March 2016:

  • Occupancy: +4.5% to 58.6%
  • Average daily rate (ADR): +4.7% to CAD141.72
  • Revenue per available room (RevPAR): +9.4% to CAD83.03

Among the provinces, Prince Edward Island recorded the largest year-over-year increases across the three key performance metrics. Occupancy in the province rose 17.9% to 33.9%, ADR was up 7.7% to CAD105.43 and RevPAR grew 27.0% to CAD35.69.

Two additional provinces saw a double-digit lift in RevPAR for the week: Ontario (+14.3% to CAD91.44) and British Columbia (+11.9% to CAD103.73).

Saskatchewan reported the largest declines in ADR (-5.7% to CAD119.25) and RevPAR (-6.9% to CAD59.08).

New Brunswick experienced the largest decrease in occupancy (-3.0% to 42.6%).

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.