HENDERSONVILLE, Tenn. — The Canadian hotel industry reported negative results in the three key performance metrics for the week ending February 18, 2017.
According to data from STR, occupancy was down 3.1 per cent year-over-year to 57.7 per cent, while Average Daily Rate (ADR) dropped 0.4 per cent to $140.59 and Revenue per Available Room (RevPAR) fell 3.4 per cent to $81.16.
Manitoba reported the largest year-over-year increases in occupancy (up 5.2 per cent to 67.2 per cent) and RevPAR (a 5.9-per-cent rise to $79.38). ADR in the province rose 0.7 per cent to $118.11.
Ontario recorded the week’s largest lift in ADR — growing 1.9 per cent to $138.28 — and Prince Edward Island reported the steepest declines in occupancy, dropping 15.1 per cent to 40.1 per cent. RevPAR for P.E.I. also suffered, falling 18.8 per cent to $42.36 and ADR dropped 4.4 per cent to $105.55.
Saskatchewan reported the largest drop in ADR (down 4.8 per cent to $119.76) and the second-largest decrease in RevPAR (a decrease of 12.1 per cent to $58.71).