HENDERSONVILLE, Tenn. — Canada’s hotel industry has reported positive year-over-year results for the second quarter of 2017, according to STR.
Compared with last year’s second quarter, occupancy is up 1.7 per cent to 68 per cent and the Average Daily Rate (ADR) rose 6.3 per cent to $155.99. Revenue per Available Room (RevPAR) was also up for the quarter, climbing 8.1 per cent to $106.11.
The absolute occupancy level was the highest for a second quarter in Canada since 2000. STR analysts forecast continued performance growth for the country, with demand helped by Canada 150 celebrations.
Three provinces saw double-digit RevPAR growth for the quarter, including Ontario (up 12.3 per cent to $113.64), Quebec (up 10.7 per cent to $121.30) and British Columbia (up 10.5 per cent to $129.12).
Overall, nine of the 12 reporting provinces registered a RevPAR increase for the quarter.
The Yukon Territory posted the only double-digit increase in ADR (up 11 per cent to $144.68), while Saskatchewan experienced the quarter’s largest drop in ADR (down 5.3 per cent to $120.50).
Manitoba experienced the greatest rise in occupancy, up 7.2 per cent to 71.5 per cent.
The Northwest Territories reported the steepest declines in occupancy and RevPAR, down 8.5 per cent 10.4 per cent respectively.