Article Summary: During the week of 9-15 December, Canadian hotel occupancy rose 2.6% to 54.5%, ADR increased 1.5% to 138.74 Canadian dollars ($103.12) and RevPAR rose 4.1% to CA$75.61 ($56.20).
During the week of 9-15 December, Canadian hotel occupancy rose 2.6% to 54.5%, ADR increased 1.5% to 138.74 Canadian dollars ($103.12) and RevPAR rose 4.1% to CA$75.61 ($56.20).
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 9-15 December 2018, according to data from STR.
In comparison with the week of 10-16 December 2017, the industry reported the following:
- Occupancy: +2.6% to 54.5%
- Average daily rate (ADR): +1.5% to CAD138.74
- Revenue per available room (RevPAR): +4.1% to CAD75.61
Among the provinces and territories, Prince Edward Island registered the highest lift in RevPAR (+22.8% to CAD36.60), which was driven by the only double-digit increase in ADR (+12.0% to CAD116.16) and the second-highest rise in occupancy (+9.6% to 31.5%).
Alberta experienced the highest jump in occupancy (+9.8% to 49.4%), but the second-largest drop in ADR (-3.1% to CAD125.31).
Saskatchewan saw the second-largest lift in RevPAR (+7.5% to CAD58.55), due to the third-largest increase in occupancy (+8.2% to 52.0%).
Seven of the 11 reporting provinces and territories saw RevPAR growth.
Newfoundland and Labrador posted the largest decrease in ADR (-8.3% to CAD119.71), which resulted in the steepest decline in RevPAR (-9.9% to CAD56.56).
Nova Scotia experienced the largest drop in occupancy (-5.8% to 48.3%) and the second-largest decrease in RevPAR (-6.6% to CAD58.49).
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Headline: STR: Canada hotel results for week ending 15 December
Article Date: 12/20/2018
Article Time: 9:34:00 AM