HENDERSONVILLE, Tenn. — STR reported positive results for the Canadian hotel industry in the three key performance metrics during the week of Oct. 23 to 29.
In year-over-year comparisons, Canada’s occupancy grew 10.1 per cent to 64.9 per cent. The average daily rate (ADR) for the week was up 3.9 per cent to $142.29. Revenue Per Available Room (RevPAR) grew 14.3 per cent to $92.29.
Among the provinces, P.E.I. demonstrated the only double-digit rise in ADR, which rose by 13.4 per cent to $119.31. Its RevPAR (up 39.7 per cent to $57.62) was also the highest increase among the provinces. Occupancy in the province also rose by 23.3 per cent to 48.3 per cent.
Manitoba reported the largest increase in occupancy (up 23.8 per cent to 78.4 per cent) and the second-highest RevPAR growth (up 31.4 per cent to $98.59).
Four additional provinces recorded RevPAR increases greater than 20 per cent: Ontario, up 23.4 per cent to $104.74; B.C. climbed 22.3 per cent to $89.62; New Brunswick grew 20.7 per cent to $86.30; and Nova Scotia, up 20 per cent to $87.89.
In addition to Manitoba and P.E.I, two other provinces saw occupancy increases of higher than 15 per cent: Nova Scotia rose by 15.3 per cent to 67.9 per cent and Ontario grew 15.1 per cent to 72.1 per cent.
In all, seven of the 10 reporting provinces enjoyed double-digit growth in both occupancy and RevPAR.
Alberta was the only province with a decrease in occupancy (down 6.2 per cent to 51.2 per cent) and recorded the largest decline in ADR (down 5.1 per cent to $133.49). Its RevPAR also dropped by 11 per cent to $68.37.
