Article Summary: During the week of 2-8 December, the Canadian hotel industry experienced a 3% occupancy increase to 61.2%, a 3.3% ADR increase to 145.89 Canadian dollars ($109.08) and a 6.4% RevPAR increase to CA$89.24 ($66.72).
During the week of 2-8 December, the Canadian hotel industry experienced a 3% occupancy increase to 61.2%, a 3.3% ADR increase to 145.89 Canadian dollars ($109.08) and a 6.4% RevPAR increase to CA$89.24 ($66.72).
Primary Category: Weekly Data
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 2-8 December 2018, according to data from STR.
In comparison with the week of 3-9 December 2017, the industry reported the following:
• Occupancy: +3.0% to 61.2%
• Average daily rate (ADR): +3.3% to CAD145.89
• Revenue per available room (RevPAR): +6.4% to CAD89.24
Among the provinces and territories, Quebec reported the largest increase in RevPAR (+22.4% to CAD114.22), driven by the only double-digit lift in ADR (+10.3% to CAD161.68) and the second-highest rise in occupancy (+11.0% to 70.6%).
Manitoba experienced the largest increase in occupancy (+11.7% to 72.9%) and the only other double-digit jump in RevPAR (+17.3% to CAD92.45).
Six of the 11 reporting provinces and territories saw RevPAR growth.
The Northwest Territories posted the second-largest increase in ADR (+8.5% to CAD167.26), but saw the steepest decline in occupancy (-19.6% to 63.9%).
Newfoundland and Labrador posted the largest decreases in ADR (-9.7% to CAD119.26) and RevPAR (-24.7% to CAD53.93).
Prince Edward Island experienced the second-largest drop in occupancy (-19.2% to 36.8%), which resulted in the second-steepest decline in RevPAR (-19.8% to CAD39.98).
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Headline: STR: Canada hotel results for week ending 8 December
Article Date: 12/13/2018
Article Time: 9:13:00 AM