Positive Performance Metrics for Canadian Hotel Industry Week Ending 12 May 2018
During the week of 6-12 May, Canada’s hotel industry reported occupancy rose 1.4% to 67.9%, ADR increased 4% to 161.39 Canadian dollars ($126.14) and RevPAR rose 5.4% to CA$109.56 ($85.61).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 6-12 May 2018, according to data from STR.
In comparison with the week of 7-13 May 2017, the industry reported the following:
• Occupancy: +1.4% to 67.9%
• Average daily rate (ADR): +4.0% to CAD161.39
• Revenue per available room (RevPAR): +5.4% to CAD109.56
Among the provinces and territories, Prince Edward Island experienced the largest rise in occupancy (+20.2% to 70.5%), which drove the largest jump in RevPAR (+27.2% to CAD98.85).
British Colombia posted the only double-digit lift in ADR (+11.4% to CAD196.56) and the only other double-digit increase in RevPAR (+15.9% to CAD146.29).
Overall, eight of the 11 reporting provinces and territories saw RevPAR growth.
Newfoundland and Labrador saw the steepest declines in occupancy (-25.2% to 51.1%) and RevPAR (-27.0% to CAD73.67). ADR in the market fell 2.4% to CAD144.12.
Alberta registered the largest drop in ADR (-4.1% to CAD137.24).
Nova Scotia reported the second-largest decrease in RevPAR (-11.9% to CAD91.77), due to the second-largest decline in occupancy (-12.8% to 63.3%).
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Categories: Market Reports