Positive Performance Metrics for Canadian Hotel Industry Week Ending 24 February 2018
During the week of 18-24 February, Canada’s hotels saw mostly flat occupancy (+0.1% to 60.6%), but ADR increased 2.5% to 146.14 Canadian dollars ($113.64) and RevPAR rose 2.6% to CA$88.56 ($68.87).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 18-24 February 2018, according to data from STR.
In comparison with the week of 19-25 February 2017, the industry reported the following:
- Occupancy: +0.1% to 60.6%
- Average daily rate (ADR): +2.5% to CAD146.14
- Revenue per available room (RevPAR): +2.6% to CAD88.56
Among the provinces and territories, the Northwest Territories reported the largest increase in all three key performance metrics: occupancy (+6.3% to 91.5%), ADR (+6.3% to CAD167.29) and RevPAR (+13.0% to CAD153.11)
Manitoba experienced the second-highest increase in occupancy (+6.1% to 66.3%) and the only other double-digit rise in RevPAR (+10.7% to CAD80.74).
Ontario posted the second-largest lift in ADR (+6.2% to CAD144.99).
Newfoundland and Labrador experienced the largest decrease in occupancy (-14.6% to 46.7%), resulting in the steepest decline in RevPAR (-15.1% to CAD60.77).
Saskatchewan reported the largest drop in ADR (-4.6% to CAD114.58).
Nova Scotia reported the only other double-digit decreases in occupancy (-14.2% to 52.4%) and RevPAR (-11.0% to CAD64.57).
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.