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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:

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%).

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.

Posted by on May 18, 2017.

Categories: Market Reports

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