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Positive Performance Metrics for Canadian Hotel Industry Week Ending 23 December 2017

The Canadian hotel industry reported occupancy rose 8.5% to 37% during the week of 17-23 December. While ADR dropped 1.9% to 136.52 Canadian dollars ($109.01), RevPAR rose 6.4% to CA$50.57 ($40.38).

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 17-23 December 2017, according to data from STR.

In comparison with the week of 18-24 December 2016, the industry reported the following:

Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+22.1% to CAD29.42), due primarily to the largest increase in occupancy (+16.0 to 27.7%).

Ontario posted the largest increase in ADR (+5.4% to CAD124.72).

Manitoba experienced the second-largest rise in occupancy (+14.6% to 40.9%) and RevPAR (+18.7% to CAD45.90).

Overall, nine of the 11 reporting provinces and territories reported RevPAR growth.

The Northwest Territories experienced the only decline in occupancy (-2.3% to 55.7%) and the largest decrease in RevPAR (-9.5% to CAD88.22).

Alberta reported the only double-digit drop in ADR (-11.3% to CAD125.45).

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 December 29, 2017.

Categories: Market Reports

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