Positive Performance Metrics for Canadian Hotel Industry Week Ending 24 June 2017
The Canadian hotel industry reported positive year-over-year performance during the week of 18-24 June. Occupancy rose 3.2% to 75.3%, ADR increased 8.2% to 166.27 Canadian dollars ($127.57) and RevPAR jumped 11.6% to CA$125.20 ($96.06).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 18-24 June 2017, according to data from STR.
In comparison with the week of 19-25 June 2016, the industry reported the following:
- Occupancy: +3.2% to 75.3%
- Average daily rate (ADR): +8.2% to CAD166.27
- Revenue per available room (RevPAR): +11.6% to CAD125.20
Seven of 11 reporting provinces showed double-digit RevPAR growth for the week, led by Quebec (+20.0% to CAD139.66) and Ontario (+18.1% to CAD133.29).
The same two provinces were the only provinces to post a double-digit rise in ADR: Ontario (+13.7% to CAD166.57) and Quebec (+12.6% to CAD176.20).
Two provinces saw a double-digit increase in occupancy: Manitoba (+16.0% to 81.5%) and Saskatchewan (+10.3% to 62.6%).
Alberta was the only province to report decreases across the three key performance metrics. Occupancy in the province fell 4.3% to 58.8%, ADR was down 4.9% to CAD151.35 and RevPAR declined 8.9% to CAD89.03.
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