For the week ending 4 March, the Canadian hotel industry reported occupancy increased 4.5% to 58.6%, while ADR increased 4.7% to CA$141.72 ($104.92) and RevPAR jumped 9.4% to CA$83.03 ($61.47).
HENDERSONVILLE, Tennessee—The Canadian hotel industry reported positive results in the three key performance metrics during the week of 26 February through 4 March 2017, according to data from STR.
Year-over-year comparison with the week of 28 February through 5 March 2016:
- Occupancy: +4.5% to 58.6%
- Average daily rate (ADR): +4.7% to CAD141.72
- Revenue per available room (RevPAR): +9.4% to CAD83.03
Among the provinces, Prince Edward Island recorded the largest year-over-year increases across the three key performance metrics. Occupancy in the province rose 17.9% to 33.9%, ADR was up 7.7% to CAD105.43 and RevPAR grew 27.0% to CAD35.69.
Two additional provinces saw a double-digit lift in RevPAR for the week: Ontario (+14.3% to CAD91.44) and British Columbia (+11.9% to CAD103.73).
Saskatchewan reported the largest declines in ADR (-5.7% to CAD119.25) and RevPAR (-6.9% to CAD59.08).
New Brunswick experienced the largest decrease in occupancy (-3.0% to 42.6%).
North America Media Contacts:
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
Public Relations Manager
+1 (615) 824-8664 ext. 3305
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at firstname.lastname@example.org.