Negative Performance Metrics for Canadian Hotel Industry Week Ending 30 December 2017
For the week of 24-30 December, the Canadian hotel industry reported declines as occupancy fell 6.6% to 44.7%, ADR dropped 0.6% to 163.35 Canadian dollars ($131.71) and RevPAR declined 7.2% to CA$73.09 ($58.93).
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 24-30 December 2017, according to data from STR.
In comparison with the week of 25-31 December 2016, the industry reported the following:
- Occupancy: -6.6% to 44.7%
- Average daily rate (ADR): -0.6% to CAD163.35
- Revenue per available room (RevPAR): -7.2% to CAD73.09
Negative results were attributable to a comparison with the week that included New Year’s Eve in 2016.
Among the provinces and territories, the Northwest Territories reported the only double-digit increases in ADR (+11.3% to CAD183.41) and RevPAR (+15.3% to CAD123.62). The province experienced the only increase in occupancy (+3.6% to 67.4%).
British Columbia posted the second-largest increase in ADR (+6.4% to CAD234.31) and the only other rise in RevPAR (+2.5% to CAD136.35).
Prince Edward Island reported the steepest decline in all three key performance metrics: occupancy (-29.3% to 21.0%), ADR (-14.1% to CAD93.90) and RevPAR (-39.2% to CAD19.70).
Newfoundland and Labrador reported the second-largest decline in RevPAR (-23.4% to CAD23.46).
Nova Scotia posted the second-largest drop in ADR (-6.8% to CAD115.69).
New Brunswick experienced the second-largest decrease in occupancy (-21.2% to 25.8%), resulting in a double-digit decrease in RevPAR (-23.3% to CAD27.43).
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Categories: Market Reports