Mixed Performance Metrics for Canadian Hotel Industry Week Ending 13 May 2017
During the week of 7-13 May, the Canadian hotel industry reported occupancy decreased 1% to 67.1%, ADR rose 6.3% to 154.27 Canadian dollars ($113.03) and RevPAR increased 5.3% to CA$103.55 ($75.87).
The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 7-13 May 2017, according to data from STR.
In comparison with the week of 8-14 May 2016, the industry reported the following:
- Occupancy: -1.0% to 67.1%
- Average daily rate (ADR): +6.3% to CAD154.27
- Revenue per available room (RevPAR): +5.3% to CAD103.55
Among the provinces, Prince Edward Island posted the largest year-over-year increases across the three key performance metrics. Occupancy in the province rose 29.5% to 58.5%, ADR was up 11.0% to CAD133.08, and RevPAR grew 43.7% to CAD77.85.
Three additional provinces saw a double-digit lift in RevPAR for the week: Nova Scotia (+23.8% to CAD104.16), Newfoundland and Labrador (+13.1% to CAD100.87) and Ontario (+11.4% to CAD117.85).
Saskatchewan reported the steepest decline in RevPAR (-14.7% to CAD62.23) due to the week’s only decrease in ADR (-6.3% to CAD119.43) and second-largest drop in occupancy (-8.9% to 52.1%).
Alberta experienced the only double-digit decrease in occupancy (-13.3% to 52.9%).
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Categories: Market Reports