HENDERSONVILLE, Tenn. — According to data from STR, the Canadian hotel industry reported mixed results during the week of March 5, 2017.
In year-over-year comparison, occupancy dropped 1.2 per cent to 59.9 per cent, Average Daily Rate grew 3.3 per cent to $147.23 and Revenue per Available Room (RevPAR) rose 2.1 per cent to $88.15.
Newfoundland and Labrador posted the largest year-over-year increases across the three key performance indicators. Occupancy rose 49.2 per cent to 76.5 per cent, ADR was up 12 per cent to $149.50 and RevPAR grew 67 per cent to $114.41. Three additional provinces recorded double-digit growth in RevPAR for the week: Nova Scotia (up 13 per cent to $77.60), Manitoba (a 10.5-per-cent increase to $84.41) and New Brunswick (up 10.5 per cent to $64.70).
Prince Edward Island saw the only double-digit decline in occupancy, falling 17.3 per cent to 33.6 per cent. It also logged the largest drop in RevPAR (down 13.8 per cent to $35.64). ADR in the province increased 4.2 per cent to $106.09. Saskatchewan reported the largest drop in ADR, falling 8.4 per cent to $119.29, and the second-largest decrease in RevPAR (down 11.1 per cent to $60.86).
