SYgle>Industry Information>Canadian Hotel Occupancy Up 4.5 Percent to 59.5 Percent For Week Ending 9 December 2017

Canadian Hotel Occupancy Up 4.5 Percent to 59.5 Percent For Week Ending 9 December 2017

Column: industry Tag: STR,Canadian Hotel,hotel industry Published: 2017-12-18 15:21 Source: Author:

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 3-9 December 2017, according to data from?STR.

In comparison with the week of 4-10 December 2016, the industry reported the following:

Occupancy: +4.5% to 59.5%

Average daily rate (ADR): +4.4% to CAD141.16

Revenue per available room (RevPAR): +9.0% to CAD83.96

Among the provinces and territories, Nova Scotia posted the largest year-over-year increase in RevPAR (+14.8% to CAD69.89).

Ontario reported the largest increase in ADR (+8.0% to CAD149.11) and the second-highest jump in RevPAR (+12.8% to CAD97.38).

Overall, eight of the 11 reporting provinces and territories reported RevPAR growth.

Although the Northwest Territories experienced the largest increase in occupancy (+11.3% to 79.5%), the territory reported the steepest drop in ADR (-5.7% to CAD154.08).

Manitoba saw the largest declines in occupancy (-3.4% to 65.3%) and RevPAR (-1.9% to CAD78.99).

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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