During the week of 21-27 October, the Canadian hotel industry reported a 2.3% increase in occupancy to 70.8%. ADR rose 3.3% to 155.82 Canadian dollars ($119.03) and RevPAR increased 5.7% to CA$110.25 ($84.22).
HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 21-27 October 2018, according to data from STR.
In comparison with the week of 22-28 October 2017, the industry reported the following:
• Occupancy: +2.3% to 70.8%
• Average daily rate (ADR): +3.3% to CAD155.82
• Revenue per available room (RevPAR): +5.7% to CAD110.25
Among the provinces and territories, Prince Edward Island reported the largest increase in RevPAR (+20.3% to CAD79.19), due primarily to the only double-digit rise in ADR (+14.1% to CAD139.25).
New Brunswick experienced the highest rise in occupancy (+8.5% to 65.6%).
British Columbia registered the second-largest increase in ADR (+8.5% to CAD165.05), resulting in the only other double-digit increase in RevPAR (+14.0% to CAD113.46).
Overall, six of the 11 reporting provinces and territories reported an increase in RevPAR.
Newfoundland and Labrador saw the largest decreases in each of the three key performance metrics: occupancy (-16.6% to 60.5%), ADR (-12.0% to CAD133.93) and RevPAR (-26.6% to CAD81.05).
The Northwest Territories posted the only other double-digit declines in occupancy (-16.2% to 67.5%) and RevPAR (-14.9% to CAD110.38).
North America Media Contacts:
+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 email@example.com.