The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 18-24 March 2018, according to data from STR.
In comparison with the week of 19-25 March 2017, the industry reported the following:
- Occupancy: +7.3% to 65.1%
- Average daily rate (ADR): +7.0% to CAD147.41
- Revenue per available room (RevPAR): +14.8% to CAD96.00
Among the provinces and territories, the Northwest Territories reported the largest increase in RevPAR (+31.2% to CAD157.33), due primarily to the highest rise in occupancy (+21.3% to 91.7%).
British Columbia posted the only double-digit lift in ADR (+15.9% to CAD173.39), that combined with the second-largest increase in occupancy (+10.9% to 71.7%), produced the second-largest rise in RevPAR (+28.6% to CAD124.37).
Overall, 10 of the 11 reporting provinces and territories saw RevPAR growth.
Newfoundland and Labrador experienced the steepest decline in occupancy (-14.1% to 50.4%) and the only decrease in RevPAR (-14.0% to CAD65.15).
Saskatchewan reported the largest drop in ADR (-2.3% to CAD118.60).
Quebec saw the only other decrease in occupancy (-0.3% to 64.6%), while Alberta reported the only other decline in ADR (-0.6% to CAD134.95).
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.
Logos, product and company names mentioned are the property of their respective owners.
Request Information from this organization
Please click the link below to request more information from the organization or company featured in this article.