HENDERSONVILLE, Tenn. — The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of October 15 to 21, according to data from STR.
Occupancy rose 3.8 per cent to 73.9 per cent, while Average Daily Rate (ADR) recorded a 5.8-per-cent increase to $157.55. Revenue Per Available Room (RevPAR) jumped 9.8 per cent to $116.43.
Newfoundland and Labrador posted the week’s highest increases in occupancy (up 18.5 per cent to 71.4 per cent) and RevPAR (a 23.9-per-cent jump to $105.43). Two additional provinces reported double-digit growth in RevPAR: Ontario grew 18.8 per cent to $139.29 and Nova Scotia increased 17.6 per cent to $110.97. Overall, nine of the 11 reporting provinces experienced growth in RevPAR for the week.
Ontario posted the largest increase in ADR with a 12.4-per-cent increase to $170.14. Manitoba experienced the steepest declines in all three key performance metrics: occupancy was down 4.8 per cent to 80.4 per cent; ADR dropped 9.1 per cent to $125.55; and RevPAR fell 13.5 per cent to $100.98. The Northwest Territories reported the only other decline in RevPAR (down 6.1 per cent to $100.64).