HENDERSONVILLE, Tenn. — According to data from STR, the Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of February 25 to March 3.
In year-over-year comparisons, the industry reported an increase in occupancy of 1. 7 per cent to 59.6 per cent, as well as a 3.4-per-cent increase in Average Daily Rate (ADR) to $147.04. Revenue Per Available Room (RevPAR) grew 5.1 per cent to $87.68.
Prince Edward Island reported the largest increase in RevPAR (up 12 per cent to $38.51), while Saskatchewan experienced the highest rise in occupancy (up 12.1 per cent to 55.5 per cent) and the second-largest jump in RevPAR (a 11.2 per cent increase to $65.70). Ontario posted the highest lift in ADR, jumping 6.1 per cent to $154.28.
Newfoundland and Labrador experienced the steepest declines across the three key performance indicators, with occupancy falling 10.8 per cent to 52.3 per cent, ADR dropping 3.7 per cent to $131.40 and RevPAR falling 14.1 per cent to $68.79. Manitoba reported the second-largest decreases in occupancy — dropping 4.9 per cent to 62.6 per cent — and RevPAR (down 3.6 per cent to $76.32).
