HENDERSONVILLE, Tenn. — The Canadian hotel industry had positive results in the three key performance metrics during the week ending March 4, 2017, according to data from STR.
In year-over-year comparisons with the week of Feb. 28 to March 5, 2016:
• Occupancy was up 4.5 per cent to 58.6 per cent
• Average Daily Rate (ADR) climbed 4.7 per cent to $141.72
• Revenue Per Available Room (RevPAR) rose 9.4 per cent to $83.03
Prince Edward Island recorded the largest year-over-year increases across the three key performance metrics. Occupancy in the province rose 17.9 per cent to 33.9 per cent, ADR was up 7.7 per cent to $105.43 and RevPAR grew 27 per cent to $35.69.
Ontario saw a double-digit rise in RevPAR, up 14.3 per cent to $91.44, and British Columbia recorded an 11.9-per-cent increase in RevPAR to $103.73. Saskatchewan reported the largest declines in ADR (down 5.7 per cent to $119.25) and RevPAR (a 6-per-cent drop to $59.08) and New Brunswick experienced the largest decrease in occupancy, dropping three per cent to 42.6 per cent.
