Mixed Performance Metrics for Canadian Hotel Industry Week Ending 11 March 2017
The Canadian hotel industry reported a 1.2% occupancy decline to 59.9%, while ADR rose 3.3% to CA$147.23 ($110.60) and RevPAR increased 2.1% to CA$88.15 ($66.22) during the week of 5-11 March.
The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 5-11 March 2017, according to data from STR.
Year-over-year comparison with the week of 6-12 March 2016:
- Occupancy: -1.2% to 59.9%
- Average daily rate (ADR): +3.3% to CAD147.23
- Revenue per available room (RevPAR): +2.1% to CAD88.15
Among the provinces, Newfoundland and Labrador posted the largest year-over-year increases across the three key performance indicators. Occupancy rose 49.2% to 76.5%, ADR was up 12.0% to CAD149.50 and RevPAR grew 67.0% to CAD114.41.
Three additional provinces recorded double-digit growth in RevPAR for the week: Nova Scotia (+13.0% to CAD77.60), Manitoba (+10.5 to CAD84.41) and New Brunswick (+10.5% to CAD64.70).
Prince Edward Island saw the only double-digit decline in occupancy (-17.3% to 33.6%) and the largest drop in RevPAR (-13.8% to CAD35.64). ADR in the province increased 4.2% to CAD106.09.
Saskatchewan reported the largest drop in ADR (-8.4% to CAD119.29) and the second-largest decrease in RevPAR (-11.1% to CAD60.86).
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