HENDERSONVILLE, Tenn. — Canada’s hotel industry reported positive year-over-year results in the three key performance metrics during the first quarter of 2017, according to data from STR.
Compared with Q1 2016:
• Occupancy: grew 2.7 per cent to 56.1 per cent
• Average daily rate (ADR): up 2.7 per cent to $140.17
• Revenue per Available Room (RevPAR): up 5.5 per cent to $78.64
March proved particularly strong in terms of growth, with RevPAR up 8.1 per cent over March 2016. STR analysts attribute this performance strength to a favorable Easter calendar shift.
Both New Brunswick and Quebec experienced double-digit lifts in RevPAR for the quarter, up 11.8 per cent (to $52.95) and 10.1 per cent (to $87.11) respectively. Meanwhile, P.E.I. posted the greatest increase in ADR (up six per cent to $105.48) and Newfoundland and Labrador experienced the greatest rise in occupancy (up 9.4 per cent to 50.8 per cent).
Saskatchewan reported the steepest declines across the three performance metrics. Compared to 2016, occupancy for the quarter fell 2.9 per cent to 48 per cent, ADR was down 5.4 per cent to $120.20 and RevPAR dropped 8.1 per cent to $57.74.
Overall, nine of the 11 reporting provinces registered a RevPAR increase for the quarter.
