HENDERSONVILLE, Tenn. — The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of Dec. 31, 2017 to Jan. 6, 2018, according to data from STR.
Year-over-year, occupancy rose 9.8 per cent to 43.7 per cent; Average Daily Rate (ADR) grew 13.2 per cent to $154.26; and Revenue Per Available Room (RevPAR) jumped 24.3 per cent to $67.44.
Nova Scotia reported the largest increase in RevPAR (up 47.2 per cent to $47.59), due primarily to the largest increase in occupancy (a 32.9-per-cent jump to 37.4 per cent). British Columbia posted the largest increase in ADR (up 17.2 per cent to $207.41), which, coupled with the second-highest lift in occupancy (a 15.6-per-cent increase to 49.1 per cent), resulted in the second-largest jump in RevPAR (up 35.5 per cent to $101.79).
Overall, each of the 11 reporting provinces and territories reported RevPAR growth.
Quebec experienced the only decline in occupancy, dropping 2.8 per cent to 48.3 per cent, while Saskatchewan reported the only drop in ADR (down 1.4 per cent to $112.08).
