Positive Performance Metrics for Canadian Hotel Industry Week Ending 23 December 2017
The Canadian hotel industry reported occupancy rose 8.5% to 37% during the week of 17-23 December. While ADR dropped 1.9% to 136.52 Canadian dollars ($109.01), RevPAR rose 6.4% to CA$50.57 ($40.38).
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 17-23 December 2017, according to data from STR.
In comparison with the week of 18-24 December 2016, the industry reported the following:
- Occupancy: +8.5% to 37.0%
- Average daily rate (ADR): -1.9% to CAD136.52
- Revenue per available room (RevPAR): +6.4% to CAD50.57
Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+22.1% to CAD29.42), due primarily to the largest increase in occupancy (+16.0 to 27.7%).
Ontario posted the largest increase in ADR (+5.4% to CAD124.72).
Manitoba experienced the second-largest rise in occupancy (+14.6% to 40.9%) and RevPAR (+18.7% to CAD45.90).
Overall, nine of the 11 reporting provinces and territories reported RevPAR growth.
The Northwest Territories experienced the only decline in occupancy (-2.3% to 55.7%) and the largest decrease in RevPAR (-9.5% to CAD88.22).
Alberta reported the only double-digit drop in ADR (-11.3% to CAD125.45).
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