Mostly Positive Performance Metrics for Canadian Hotel Industry Week Ending 22 April 2017
During the week of 16-22 April, the Canadian hotel industry reported occupancy decreased 0.6% to 61.2%, while a 1.3% ADR increase to CA$139.45 ($102.41) drove RevPAR up 0.7% to CA$85.28 ($62.63).
The Canadian hotel industry reported mostly positive results in the three key performance metrics during the week of 16-22 April 2017, according to data from STR.
Performance on Sunday and Monday of the week was lower due to a comparison with a non-Easter period last year. In an overall comparison with the week of 17-23 April 2016, the industry reported the following:
- Occupancy: -0.6% to 61.2%
- Average daily rate (ADR): +1.3% to CAD139.45
- Revenue per available room (RevPAR): +0.7% to CAD85.28
Among the provinces, Newfoundland and Labrador recorded the only double-digit increase in occupancy (+12.6% to 71.8%) and the largest lift in RevPAR (+9.4% to CAD95.69). ADR in the province was down 2.8% to CAD133.29.
Ontario posted the week’s largest increase in ADR (+7.0% to CAD143.33).
Prince Edward Island saw the steepest declines in occupancy (-25.1% to 37.2%) and RevPAR (-27.1% to CAD40.30). ADR in the province fell 2.7% to CAD108.31.
Saskatchewan was the only other province to report double-digit decreases in occupancy (-13.1% to 50.4%) or RevPAR (-18.2% to CAD59.84).
British Columbia reported the largest drop in ADR (-7.7% to CAD148.68).
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