The Canadian hotel industry reported occupancy rose 3.8% to 73.9% during the week of 15-21 October. ADR also increased 5.8% to 157.55 Canadian dollars ($123.02), which pushed RevPAR up 9.8% to CA$116.43 ($90.91).
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 15-21 October 2017, according to data from STR.
In comparison with the week of 16-22 October 2016, the industry reported the following:
- Occupancy: +3.8% to 73.9%
- Average daily rate (ADR): +5.8% to CAD157.55
- Revenue per available room (RevPAR): +9.8% to CAD116.43
Among the provinces, Newfoundland and Labrador posted the week’s highest increases in occupancy (+18.5% to 71.4%) and RevPAR (+23.9% to CAD105.43).
Two additional provinces reported double-digit growth in RevPAR: Ontario (+18.8% to CAD139.29) and Nova Scotia (+17.6% to CAD110.97).
Overall, nine of the 11 reporting provinces experienced growth in RevPAR for the week.
Ontario posted the largest increase in ADR (+12.4% to CAD170.14).
Manitoba experienced the steepest declines in the three key performance metrics: occupancy (-4.8% to 80.4%), ADR (-9.1% to CAD125.55) and RevPAR (-13.5% to CAD100.98).
The Northwest Territories reported the only other decline in RevPAR (-6.1% to CAD100.64).
North America Media Contacts:
Public Relations Manager
+1 (615) 824-8664 ext. 3305
+1 (615) 824-8664 ext. 3500
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.