HENDERSONVILLE, Tenn. — According to data from STR, the Canadian hotel industry recorded positive results in the three key performance metrics during the week of Oct. 8 to 14.
In year-over-year comparisons, the country’s occupancy increased 5.8 per cent to 68.6 per cent. ADR and RevPAR also experienced growth, up 7.7 per cent (to $153.29) and 14 per cent (to $105.17) respectively.
The Northwest Territories posted the week’s highest increases in occupancy (up 60.2 per cent to 76.6 per cent) and RevPAR (up 64.6 per cent to $119.65).
Four additional provinces reported double-digit growth in RevPAR, including British Columbia (up 31.8 per cent), Quebec (up 22.0 per cent), Nova Scotia (up 18.8 per cent) and Ontario (up 13.7 per cent). Overall, seven of the 11 reporting provinces experienced growth in RevPAR for the week.
Newfoundland and Labrador experienced the only double-digit decline in RevPAR (down 10.6 per cent to $75.77), due mostly to the largest drop in occupancy (down 7.7 per cent to 54.2 per cent).
