The Canadian hotel industry reported occupancy rose 2.7% to 61.4% during the week of 4-10 March 2018, while ADR increased 4.7% to 154.55 Canadian dollars ($119.03) and RevPAR jumped 7.5% to CA$94.88 ($73.07).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 4-10 March 2018, according to data from STR.
In comparison with the week of 5-11 March 2017, the industry reported the following:
- Occupancy: +2.7% to 61.4%
- Average daily rate (ADR): +4.7% to CAD154.55
- Revenue per available room (RevPAR): +7.5% to CAD94.88
Among the provinces and territories, Nova Scotia reported the largest increase in RevPAR (+16.1% to CAD90.06).
The Northwest Territories posted the highest lift in ADR (+9.9% to CAD176.60).
Saskatchewan experienced the highest rise in occupancy (+11.7% to 57.0%), followed by Prince Edward Island (+10.7% to 36.4%).
Newfoundland and Labrador experienced the steepest declines across the three key performance indicators: occupancy (-35.7% to 49.2%), ADR (-11.6% to CAD132.17) and RevPAR (-43.1% to CAD65.07).
New Brunswick reported the second-largest decreases in occupancy (-9.8% to 50.3%) and RevPAR (-8.4% to CAD59.75).
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.