The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 27 August through 2 September 2017, according to data from STR.
In comparison with the week of 28 August through 3 September 2016, the industry reported the following:
- Occupancy: +5.4% to 76.8%
- Average daily rate (ADR): +6.9% to CAD165.47
- Revenue per available room (RevPAR): +12.6% to CAD127.15
Among the provinces, Manitoba experienced the largest increase in RevPAR (+28.5% to CAD92.76), due primarily to the largest rise in occupancy (+26.3% to 79.2%).
British Columbia posted the highest lift in ADR (+13.3% to CAD205.49) and the second-largest jump in RevPAR (+21.9% to CAD172.87).
Overall, eight of the 10 reporting provinces experienced a double-digit lift in RevPAR for the week. Three of those provinces registered double-digit growth in ADR.
After Manitoba, the only other double-digit increase in occupancy came in Saskatchewan (+11.3% to 60.7%).
Newfoundland and Labrador saw the only decline in RevPAR (-1.0% to CAD116.74).
Alberta reported the largest decrease in ADR (-4.7% to CAD148.07).
Prince Edward Island experienced the only decrease in occupancy (-0.6%) even with the highest absolute value in the metric (91.8%).
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.