SYgle>Industry Information>Canadian Hotel Occupancy Up 4.8 Percent to 74.0 Percent For Week Ending 1 July 2017

Canadian Hotel Occupancy Up 4.8 Percent to 74.0 Percent For Week Ending 1 July 2017

Column: industry Tag: Canadian Hotel,Hotel Occupancy,Canadian hotel industry Published: 2017-07-10 17:56 Source: Author:

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 25 June through 1 July 2017, according to data from STR.

In comparison with the week of 26 June through 2 July 2016, the industry reported the following:

Occupancy: +4.8% to 74.0%

Average daily rate (ADR): +11.0% to CAD173.58

Revenue per available room (RevPAR): +16.4% to CAD128.53

Among the provinces, Manitoba experienced the largest year-over-year increases in occupancy (+24.7% to 73.6%) and RevPAR (+26.5% to CAD86.72).

Ontario posted the week’s largest rise in ADR (+18.1% to CAD175.76) and the second-highest lift in RevPAR (+24.9% to CAD138.61).

Overall, six of 11 reporting provinces saw a double-digit increase in RevPAR for the week.

Newfoundland and Labrador reported the only declines in occupancy (-10.1% to 70.7%) and RevPAR (-15.3% to CAD108.47) as well as the largest decrease in ADR (-5.8% to CAD153.32).

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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