HENDERSONVILLE, Tenn. — From March 6 to 12, the Canadian hotel industry reported positive results in the three key performance metrics according to STR, with three provinces experiencing double-digit increases.
Most notably, the country’s occupancy increased 5.2 per cent year-over-year to 60.6 per cent, while average daily rate for the week was up 8.5 per cent to $142.32 and revenue per available room (RevPAR) grew 14.2 per cent to $86.20.
P.E.I. experienced the largest increases in occupancy (up 58.9 per cent to 40.7 per cent) and RevPAR (up 72.6 per cent to $41.58). ADR in the province rose 8.6 per cent to $102.10. Ontario posted the largest rise in ADR, recording an increase of 18.4 per cent to $147.31, as well as double-digit growth in occupancy (up 12.9 per cent) and RevPAR (up 33.7 per cent to $93.71).
B.C. was the only other province to report double-digit increases across all three key performance metrics: occupancy (up 20.3 per cent to 69.3 per cent), ADR (up 16.8 per cent to $155.82) and RevPAR (a 40.4-per-cent increase to $108.04).
Alberta reported the largest declines in each of the three key metrics. Occupancy in the province fell 18.1 per cent to 51.3 per cent; ADR was down seven per cent to $135.20; and RevPAR dropped 23.8 per cent to $69.34. Newfoundland and Labrador both experienced a double-digit decrease in both occupancy and RevPAR. Occupancy dipped 13.5 per cent to 52.1 per cent and RevPAR fell 12.9 per cent to $69.35. Saskatchewan reported a 12.8-per-cent drop in occupancy to 52.8 per cent and an 18.1-per-cent decrease in RevPAR to $68.78.
