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Positive Performance Metrics for Canadian Hotel Industry Week Ending 7 October 2017

The Canadian hotel industry reported occupancy rose 3.2% year over year to 74.5% during the week of 1-7 October. ADR increased 5.8% to 157.85 Canadian dollars ($126.44) and RevPAR rose 9.2% to CA$117.58 ($94.18).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 1-7 October 2017, according to data from STR.

In comparison with the week of 2-8 October 2016, the industry reported the following:

Among the provinces, the Northwest Territories posted the week’s highest increase in RevPAR (+20.7% to CAD143.64), due primarily to the largest rise in occupancy (+19.1% to 88.8%).

Four additional provinces reported double-digit growth in RevPAR: British Columbia (+19.4% to CAD129.76), Nova Scotia (+18.6% to CAD118.65), Manitoba (+12.9% to CAD89.34) and New Brunswick (+10.2% to CAD91.34).

Overall, nine of the 11 reporting provinces experienced growth in RevPAR for the week.

Nova Scotia posted the only double-digit increase in ADR (+11.0% to US$151.08).

Newfoundland and Labrador reported the only double-digit decline in RevPAR (-14.0% to CAD99.82), due to the only double-digit drop in occupancy (-11.6% to 66.7%).

Saskatchewan experienced the largest decrease in ADR (-5.2% to CAD117.46).

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 October 12, 2017.

Categories: Market Reports

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