Article Summary: The Canadian hotel industry reported occupancy dropped 2% to 43% during the week of 30 December to 5 January, while ADR rose 5.2% to 163.50 Canadian dollars ($123.51) and RevPAR increased 3.1% to CA$70.36 ($53.15).
The Canadian hotel industry reported occupancy dropped 2% to 43% during the week of 30 December to 5 January, while ADR rose 5.2% to 163.50 Canadian dollars ($123.51) and RevPAR increased 3.1% to CA$70.36 ($53.15).
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 30 December 2018 through 5 January 2019, according to data from STR.
In comparison with the week of 31 December 2017 through 6 January 2018, the industry reported the following:
• Occupancy: -2.0% to 43.0%
• Average daily rate (ADR): +5.2% to CAD163.50
• Revenue per available room (RevPAR): +3.1% to CAD70.36
Among the provinces and territories, British Columbia reported the largest jump in RevPAR (+21.7% to CAD124.06), due primarily to the only double-digit increase in ADR (+13.9% to CAD235.83).
The Northwest Territories experienced the highest rise in occupancy (+22.6% to 61.1%), but the second-largest drop in ADR (-3.8% to CAD163.81).
Prince Edward Island saw the only other double-digit increase in occupancy (+11.7% to 25.5%), which drove the second-largest increase in RevPAR (+18.2% to CAD28.39).
Newfoundland and Labrador registered the steepest decreases in each of the three key performance metrics: occupancy (-19.4% to 25.5%), ADR (-9.7% to CAD114.89) and RevPAR (-27.3% to CAD29.27).
Manitoba posted the second-largest decreases in occupancy (-9.7% to 40.5%) and RevPAR (-10.9% to CAD45.59).
Overall, seven of the 11 reporting provinces and territories saw declines in RevPAR.
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Headline: STR: Canada hotel results for week ending 5 January
Article Date: 1/10/2019
Article Time: 10:01:00 AM