During the week ending 25 February, Canadian hotels reported a 2.3% occupancy increase to 60.3%, a 4.4% ADR increase to CA$141.76 ($106.16) and a 6.7% RevPAR jump to CA$85.51 ($64.04).
HENDERSONVILLE, Tennessee—The Canadian hotel industry reported positive results in the three key performance metrics during the week of 19-25 February 2017, according to data from STR.
Year-over-year comparison with the week of 21-27 February 2016:
- Occupancy: +2.3% to 60.3%
- Average daily rate (ADR): +4.4% to CAD141.76
- Revenue per available room (RevPAR): +6.7% to CAD85.51
Among the provinces, British Columbia recorded the week’s largest spike in RevPAR (+25.7% to CAD115.31). Growth was driven by the only double-digit increase in ADR (+15.1% to CAD168.57) and a near double-digit lift in occupancy (+9.3% to 68.4%).
Four additional provinces experienced a double-digit increase in RevPAR: Prince Edward Island (+17.6% to CAD50.24), New Brunswick (+15.6% to CAD58.70), Nova Scotia (+14.8% to CAD72.56) and Newfoundland and Labrador (+13.5% to CAD71.60).
Newfoundland and Labrador saw the largest jump in occupancy (+16.0% to 54.7%). Nova Scotia (+12.0% to 61.0%) and Prince Edward Island (+11.0% to 44.3%) also registered double-digit growth in the metric.
Saskatchewan reported the steepest declines across the three key performance metrics. Occupancy fell 9.5% to 49.5%, ADR was down 6.0% to CAD120.14 and RevPAR dropped 15.0% to CAD59.48.
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