The Canadian hotel industry reported occupancy rose 1.7% to 63.3% during the week of 11-17 March, and a 4.4% ADR boost to 144.84 Canadian dollars ($112.26) drove RevPAR up 6.2% to CA$91.68 ($71.06).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 11-17 March 2018, according to data from STR.
In comparison with the week of 12-18 March 2017, the industry reported the following:
- Occupancy: +1.7% to 63.3%
- Average daily rate (ADR): +4.4% to CAD144.84
- Revenue per available room (RevPAR): +6.2% to CAD91.68
Among the provinces and territories, the Northwest Territories reported the largest increase in RevPAR (+13.6% to CAD155.96).
Ontario posted the highest lift in ADR (+7.8% to CAD144.28).
Saskatchewan experienced the highest rise in occupancy (+9.0% to 58.5%).
Prince Edward Island experienced the steepest declines across the three key performance indicators: occupancy (-20.9% to 29.8%), ADR (-5.5% to CAD103.26) and RevPAR (-25.2% to CAD30.79).
Newfoundland and Labrador reported the second-largest decreases in occupancy (-18.9% to 50.4%) and RevPAR (-20.5% to CAD65.86).
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.