HENDERSONVILLE, Tenn. — According to data from STR, the Canadian hotel industry experienced positive results in all three key performance metrics for the third quarter of 2016.
Compared to Q3 of 2015, Canada’s occupancy rate increased by 1.2 per cent to 77.4 per cent; Average Daily Rate rose 6.8 per cent to $164.87; and Revenue Per Available Room grew eight per cent to $127.53.
Among the provinces, Ontario demonstrated the largest year-over-year increases in ADR (up 9.8 per cent to $160.57) and RevPAR (up 14.9 per cent to $130.73). The province’s occupancy grew 4.6 per cent to 81.4 per cent.
Four other provinces reported a double-digit increase in RevPAR for the quarter: B.C. jumped 10.9 per cent to $162.20; Nova Scotia climbed 11.6 per cent to $122.43; P.E.I soared 14.8 per cent to $160.12; and Quebec increased 13.6 per cent to $144.44.
B.C. reported the highest absolute levels for ADR ($191.47) and RevPAR ($162.20), while P.E.I enjoyed the quarter’s largest year-over-year occupancy increase (up 4.8 per cent) and highest absolute occupancy (93.9 per cent).
Saskatchewan experienced the largest decreases across all three key metrics. Occupancy in the province fell 10.5 per cent to 56.8 per cent; ADR was down five per cent to $121.63; and RevPAR dropped 15 per cent to $69.14.
The Northwest Territories was the only other area with a double-digit decease in metrics — RevPAR dropped 12.1 per cent to $119.01.
