HENDERSONVILLE, Tenn. — According to data from STR, the Canadian hotel industry reported positive results in the three key performance metrics during the week of Jan. 15 to 21 January 2017. In year-over-year comparisons, the country’s occupancy rose 2.7 per cent to 54.3 per cent and Average Daily Rate (ADR) increased 2.3 per cent to $137.02. As a result, Revenue per Available Room (RevPAR) grew five per cent to $74.46.
Prince Edward Island posted the largest year-over-year increases across the three metrics. Occupancy was up 17 per cent to 37.8 per cent, ADR increased eight per cent to $108.41 and RevPAR rose 26.3 per cent to $41.
Two additional provinces reported a double-digit lift in RevPAR for the week: British Columbia (up 16.2 per cent to $89.70) and Quebec (a 10.4-per-cent increase to $81.69). B.C. was also the only other province to show a double-digit increase in occupancy — up 10.1 per cent to 58.9 per cent.
Nova Scotia experienced the steepest declines in occupancy, falling 14.1 per cent to 46.8 per cent, as well as RevPAR (down 16.1 per cent to $54.94). ADR in the province fell 2.3 per cent to $117.44.
Two other provinces saw a double-digit decrease in RevPAR: Saskatchewan (down 14.3 per cent to $53.21) and Newfoundland and Labrador (an11.8-per-cent drop to $54.04).