HENDERSONVILLE, Tenn. — The Canadian hotel industry reported strong year-over-year results in the three key performance metrics during the second quarter of 2018, according to data from STR.
In year-over-year comparison, occupancy for the quarter was up 1.6 per cent to 68.8 per cent, while Average Daily Rate (ADR) increased 4.9 per cent to $163.56. Revenue Per Available Room (RevPAR) rose 16.7 per cent to $112.52. The absolute-occupancy level was the highest for a Q2 in Canada since 1999, while the ADR level was the highest for any Q2 on record.
STR analysts note that a continued influx of inbound international tourism helped achieve a 2.8-per-cent increase in Q2 demand (room-nights sold). Supply (room-nights available) grew 1.2 per cent for the same period.
Overall, 11 of the 12 reporting provinces and territories reported RevPAR growth during the quarter, with the Yukon reporting the largest increase in RevPAR (up 12.2 per cent to $126.55), due primarily to the second-largest jump in ADR (a 9.1-per-cent increase to $157.80). British Colombia posted the only double-digit lift in ADR and the only other double-digit rise in RevPAR — up 10.2 per cent and 10.4 per cent respectively.
Saskatchewan experienced the highest increase in occupancy (up 8.1 per cent to 58.2 per cent), as well as one of only two declines in ADR (down 1.3 per cent to $119.46)
Newfoundland and Labrador reported negative year-over-year results for Q2. The province saw the only double-digit drops in occupancy and RevPAR, which fell 17.8 per cent and 19. 6 per cent respectively. ADR for the province also fell 2.2 per cent to $143.13.