SYgle>Industry Information>Canadian Hotel Occupancy Up 6.9 Percent to 53.4 Percent For Week Ending 16 December 2017

Canadian Hotel Occupancy Up 6.9 Percent to 53.4 Percent For Week Ending 16 December 2017

Column: industry Tag: STR,Canadian Hotel,Canadian Hotel Occupancy Published: 2017-12-25 14:18 Source: Author:

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 10-16 December 2017, according to data from?STR.

In comparison with the week of 11-17 December 2016, the industry reported the following:

Occupancy: +6.9% to 53.4%

Average daily rate (ADR): +3.9% to CAD135.78

Revenue per available room (RevPAR): +11.1% to CAD72.44

Among the provinces and territories, New Brunswick reported the largest increase in RevPAR (+20.6% to CAD51.22).

The Northwest Territories posted the second-largest year-over-year jump in RevPAR (+19.2% to CAD108.76), due to the largest increase in occupancy (+23.6% to 69.6%).

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

Ontario registered the largest increase in ADR (+8.0% to CAD140.46).

Prince Edward Island experienced the largest decline in occupancy (-7.8% to 29.7%) and the only decrease in RevPAR (-2.4% to CAD30.45).

Saskatchewan reported the largest drop in ADR (-4.6% to CAD113.44). RevPAR in the province remained flat at CAD54.62.

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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