Mixed Performance Metrics for Canadian Hotel Industry Week Ending 8 July 2017
During the week of 2-8 July, the Canadian hotel industry reported occupancy decreased 1.7% to 73.1%, ADR rose 5.9% to 170.41 Canadian dollars ($133.48) and RevPAR increased 4.1% to CA$124.65 ($97.68).
The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 2-8 July 2017, according to data from STR.
In comparison with the week of 3-9 July 2016, the industry reported the following:
- Occupancy: -1.7% to 73.1%
- Average daily rate (ADR): +5.9% to CAD170.41
- Revenue per available room (RevPAR): +4.1% to CAD124.65
Among the provinces, Nova Scotia experienced the largest year-over-year increases in ADR (+12.5% to CAD154.75) and RevPAR (+18.4% to CAD127.36). Occupancy in the province was up 5.2% to 82.3%.
New Brunswick posted the week’s largest rise in occupancy (+7.2% to 80.1%) and the second-highest lift in RevPAR (+13.5% to CAD108.94).
Prince Edward Island reported the only double-digit declines in occupancy (-13.5% to 82.3%) and RevPAR (-12.1% to CAD152.19). ADR in the province was up 1.7% to CAD184.83.
Saskatchewan reported the week’s largest drop in ADR (-3.7% to CAD116.06).
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Categories: Market Reports