Canadian hotel occupancy rate is increasing in March 2018, which rises around 63.3%.Published on : Friday, March 23, 2018
Canadian hotel occupancy rate is increasing in March 2018, which rises around 63.3%.
It is released by STR that with the week of 12-18 March 2017. The hotel occupancy rate increases from 1.7% to 63.3%. While on the contrary the average daily rate (ADR) is around +4.4% to CAD144.84. The revenue per available room is up around +6.2% to CAD91.68.
The largest increase in RevPAR is (+13.6% to CAD155.96). Ontario posted the highest lift in ADR (+7.8% to CAD144.28). Saskatchewan experienced the highest rise in occupancy (+9.0% to 58.5%). Prince Edward Island experienced the steepest declines across the three key performance indicators: occupancy (-20.9% to 29.8%), ADR (-5.5% to CAD103.26) and RevPAR (-25.2% to CAD30.79). The Newfoundland and Labrador reported the second-largest decreases in occupancy (-18.9% to 50.4%) and RevPAR (-20.5% to CAD65.86).
Tags: Canada, Canadian hotel occupancy, Hotel, hotel rate increases, Ontario