Canada’s hotel industry reported positive performance for the week ending 6 May. Occupancy rose 3.5% to 66.8%, ADR increased 5.7% to 150.06 Canadian dollars ($109.19) and RevPAR jumped 9.4% to CA$100.21 ($72.92).
The Canadian hotel industry reported positive results in the three key performance metrics during the week of 30 April through 6 May 2017, according to data from STR.
In comparison with the week of 1-7 May 2016, the industry reported the following:
- Occupancy: +3.5% to 66.8%
- Average daily rate (ADR): +5.7% to CAD150.06
- Revenue per available room (RevPAR): +9.4% to CAD100.21
Among the provinces, Manitoba saw the largest year-over-year increases in occupancy (+27.0% to 71.8%) and RevPAR (+32.2% to CAD88.99). ADR in the province rose 4.1% to CAD123.87.
Quebec posted the only double-digit increase in ADR (+10.6% to CAD160.63) and the second-largest spike in RevPAR (+28.0% to CAD114.27).
Overall, six of 10 reporting provinces experienced double-digit growth in RevPAR.
Saskatchewan reported the steepest declines across the three key performance metrics. Occupancy slipped 5.9% to 55.1%, ADR was down 5.8% to CAD121.44 and RevPAR dropped 11.4% to CAD66.95.
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.