Negative Performance Metrics for Canadian Hotel Industry Week Ending 7 April 2018
Canada’s hotel industry reported occupancy fell 9.6% to 57.5% during the week of 1-7 April, according to STR. ADR decreased 0.9% to 142.24 Canadian dollars ($112.78) and RevPAR declined 10.5% to CA$81.75 ($64.82).
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 1-7 April 2018, according to data from STR.
In comparison with the week of 2-8 April 2017, the industry reported the following:
• Occupancy: -9.6% to 57.5%
• Average daily rate (ADR): -0.9% to CAD142.24
• Revenue per available room (RevPAR): -10.5% to CAD81.75
STR analysts note that performance results were lower due to the Easter calendar shift from the 16th in 2017 to the 1st in 2018. Overall, nine of the 11 reporting provinces and territories saw decreases in RevPAR.
The Northwest Territories reported the only double-digit increase in RevPAR (+20.6% to CAD89.43), due primarily to the only double-digit rise in occupancy (+16.9% to 53.0%).
British Colombia posted the largest lift in ADR (+6.1% to CAD162.70).
Saskatchewan saw the only other rise in occupancy (+9.0% to 58.8%) and RevPAR (+4.8% to CAD69.83)
Nova Scotia experienced the steepest declines in occupancy (-29.2% to 49.3%) and RevPAR (-29.8% to CAD63.23)
Alberta reported the largest dip in ADR (-4.2% to CAD130.91).
Quebec saw the second-largest decreases in occupancy (-13.6% to 53.5%) and RevPAR (-14.4% to CAD75.95).
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.
Categories: Market Reports