Positive Performance Metrics for Canadian Hotel Industry Week Ending 5 May 2018
The Canadian hotel industry reported occupancy rose 1.6% to 67.7% during the week of 29 April to 5 May, while ADR increased 4.8% to 157.99 Canadian dollars ($123.62) and RevPAR rose 6.5% to CA$106.98 ($83.70).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 29 April through 5 May 2018, according to data from STR.
In comparison with the week of 30 April through 6 May 2017, the industry reported the following:
- Occupancy: +1.6% to 67.7%
- Average daily rate (ADR): +4.8% to CAD157.99
- Revenue per available room (RevPAR): +6.5% to CAD106.98
Among the provinces and territories, Prince Edward Island registered the largest increases in all three key performance metrics: occupancy (+33.2% to 53.3%), ADR (+17.7% to CAD138.21) and RevPAR (+56.7% to CAD73.65).
The Northwest Territories experienced the only other double-digit rise in occupancy (+19.1% to 50.2%) and the second-highest jump in RevPAR (+24.1% to CAD85.80).
British Columbia posted the only other double-digit lift in ADR (+14.5% to CAD187.62).
Overall, six of the 11 reporting provinces and territories saw RevPAR growth.
Newfoundland and Labrador saw the largest decreases across all three key performance metrics: occupancy (-32.3% to 48.2%), ADR (-4.9% to CAD133.81) and RevPAR (-35.6% to CAD64.43).
Saskatchewan reported the second-largest drop in ADR (-4.6% to CAD115.76).
Manitoba experienced the second-largest declines in occupancy (-5.8% to 67.6%) and RevPAR (-5.3% to CAD84.16).
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Categories: Market Reports