Canadian Hotel Occupancy Up 8.5 Percent to 37.0 Percent For Week Ending 23 December 2017

Column: industry Tag: STR,Canadian Hotel,Canadian hotel industry Published: 2018-01-02 15:20 Source: Author:

Canadian Hotel Occupancy Up 8.5 Percent to 37.0 Percent For Week Ending 23 December 2017

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).

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.