Article Summary: The Canadian hotel industry saw occupancy increase 8% to 40% during the week of 16-22 December. ADR declined 2.2% to 136.28 Canadian dollars ($100.07) during the week, but RevPAR rose 5.7% to CA$54.48 ($40).
The Canadian hotel industry saw occupancy increase 8% to 40% during the week of 16-22 December. ADR declined 2.2% to 136.28 Canadian dollars ($100.07) during the week, but RevPAR rose 5.7% to CA$54.48 ($40).
Primary Category: Weekly Data
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 16-22 December 2018, according to data from STR.
In comparison with the week of 17-23 December 2017, the industry reported the following:
• Occupancy: +8.0% to 40.0%
• Average daily rate (ADR): -2.2% to CAD136.28
• Revenue per available room (RevPAR): +5.7% to CAD54.48
Among the provinces and territories, Nova Scotia reported the largest increase in RevPAR (+19.7% to CAD37.93), due primarily to the highest rise in occupancy (+17.2% to 32.4%).
Prince Edward Island posted the largest lift in ADR (+6.5% to CAD98.56).
Manitoba saw the second-highest jump in RevPAR (+15.6% to CAD52.69).
Seven of the 11 reporting provinces and territories saw RevPAR growth.
Newfoundland and Labrador registered the largest decrease in RevPAR (-2.7% to CAD32.79) because of the second-largest drop in ADR (-8.3% to CAD113.14).
Alberta posted the steepest decline in ADR (-9.5% to CAD123.74).
The Northwest Territories experienced the only decrease in occupancy (-3.3% to 53.4%).
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Headline: STR: Canada hotel results for week ending 22 December
Article Date: 12/28/2018
Article Time: 12:48:00 PM