HENDERSONVILLE, Tenn. —The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of October 1 to 7, 2017, according to data from STR.
Year-over-year, occupancy rose 3.2 per cent to 74.5 per cent, while Average Daily Rate (ADR) grew 5.8 per cent to $157.85 and Revenue Per Available Room (RevPAR) jumped 9.2 per cent to $117.58.
The Northwest Territories posted the week’s highest increase in RevPAR (up 20.7 per cent to $143.64), due primarily to the largest rise in occupancy (up 19.1 per cent to 88.8 per cent). Four additional provinces reported double-digit growth in RevPAR: British Columbia (up 19.4 per cent to $129.76), Nova Scotia (up 18.6 per cent to $118.65), Manitoba (a12.9-per-cent increase to $89.34) and New Brunswick (up 10.2 per cent to $91.34).
Overall, nine of the 11 reporting provinces experienced growth in RevPAR for the week.
Nova Scotia posted the only double-digit increase in ADR, jumping11 per cent to US$151.08. Newfoundland and Labrador reported the only double-digit decline in RevPAR, recording a drop of 14 per cent to $99.82, due to the only double-digit drop in occupancy (down 11.6 per cent to 66.7 per cent).
Saskatchewan experienced the largest decrease in ADR, falling 5.2 per cent to $117.46.