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 April 29 through May 5, 2018.
Year-over-year, the industry reported the following:
• Occupancy: up 1.6 per cent to 67.7 per cent
• Average Daily Rate (ADR): up 4.8 per cent to $157.99
• Revenue Per Available Room (RevPAR): up 6.5 per cent to $106.98
Prince Edward Island registered the largest increases in all three key performance metrics. Occupancy rose 33.2 per cent to 53.3 per cent, ADR jumped 17.7 per cent to $138.21 and RevPAR grew 56.7 per cent to $73.65.
The Northwest Territories experienced the only other double-digit rise in occupancy, posting a 19.1-per-cent increase to 50.2 per cent, and the second-highest jump in RevPAR (up 24.1 per cent to $85.80).
British Columbia posted the only other double-digit lift in ADR, up 14.5 per cent to $187.62. Overall, six of the 11 reporting provinces and territories saw RevPAR growth.
Newfoundland and Labrador saw the largest decreases across all three key performance metrics. Occupancy fell 32.3 per cent to 48.2 per cent, ADR dropped 4.9 per cent to $133.81 and RevPAR plummeted 35.6 per cent to $64.43. Saskatchewan reported the second-largest drop in ADR, falling 4.6 per cent to $115.76. Manitoba experienced the second-largest declines in occupancy (down 5.8 per cent to 67.6 per cent) and RevPAR (down 5.3 per cent to $84.16).
