The Canadian hotel industry reported occupancy rose 5.8% year over year to 68.6% during the week of 8-14 October 2017. ADR increased 7.7% to 153.29 Canadian dollars ($122.81) and RevPAR jumped 14% to CA$105.17 ($84.26) during the week.
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 8-14 October 2017, according to data from STR.
In comparison with the week of 9-15 October 2016, the industry reported the following:
- Occupancy: +5.8% to 68.6%
- Average daily rate (ADR): +7.7% to CAD153.29
- Revenue per available room (RevPAR): +14.0% to CAD105.17
Among the provinces, the Northwest Territories posted the week’s highest increases in occupancy (+60.2% to 76.6%) and RevPAR (+64.6% to CAD119.65).
Four additional provinces reported double-digit growth in RevPAR: British Columbia (+31.8% to CAD117.22), Quebec (+22.0% to CAD142.61), Nova Scotia (+18.8% to CAD100.38) and Ontario (+13.7% to CAD118.34).
Overall, seven of the 11 reporting provinces experienced growth in RevPAR for the week.
British Columbia posted the largest increase in ADR (+14.2% to CAD164.23).
Newfoundland and Labrador experienced the only double-digit decline in RevPAR (-10.6% to CAD75.77), due mostly to the largest drop in occupancy (-7.7% to 54.2%).
Saskatchewan reported the largest decrease in ADR (-6.9% to CAD115.83).
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