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SYgle>Industry Information>Canadian Hotel Occupancy Drops 6.6 Percent to 44.7 Percent For Week Ending 30 December 2017

Canadian Hotel Occupancy Drops 6.6 Percent to 44.7 Percent For Week Ending 30 December 2017

Column: industry Tag: STR,Canadian Hotel,Canadian hotel industry Published: 2018-01-08 14:39 Source: Author:

The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 24-30 December 2017, according to data from?STR.

In comparison with the week of 25-31 December 2016, the industry reported the following:

Occupancy: -6.6% to 44.7%

Average daily rate (ADR): -0.6% to CAD163.35

Revenue per available room (RevPAR): -7.2% to CAD73.09

Negative results were attributable to a comparison with the week that included New Year’s Eve in 2016.

Among the provinces and territories, the Northwest Territories reported the only double-digit increases in ADR (+11.3% to CAD183.41) and RevPAR (+15.3% to CAD123.62). The province experienced the only increase in occupancy (+3.6% to 67.4%).

British Columbia posted the second-largest increase in ADR (+6.4% to CAD234.31) and the only other rise in RevPAR (+2.5% to CAD136.35).

Prince Edward Island reported the steepest decline in all three key performance metrics: occupancy (-29.3% to 21.0%), ADR (-14.1% to CAD93.90) and RevPAR (-39.2% to CAD19.70).

Newfoundland and Labrador reported the second-largest decline in RevPAR (-23.4% to CAD23.46).

Nova Scotia posted the second-largest drop in ADR (-6.8% to CAD115.69).

New Brunswick experienced the second-largest decrease in occupancy (-21.2% to 25.8%), resulting in a double-digit decrease in RevPAR (-23.3% to CAD27.43).

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England.

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