TORONTO — During the second quarter of 2017, the Canadian lodging industry experienced seven-per-cent RevPAR growth, according to the HVS Canadian Lodging Outlook. Average Daily Rate (ADR) was the main contributor — particularly in the luxury segment — caused by the low dollar.
ADR year-to-date through June was $148.89, compared to $142.14 the previous year. Toronto nabbed the highest ADR at $175.18, followed by Vancouver ($174.50), Ottawa ($171.96), Montreal ($165.76), Calgary ($154.62) and Halifax ($137.80). Calgary was the only city whose ADR decreased, down from $155.96 in the first half of 2016.
Year-to-date occupancy has experienced a slight lift over 2016, up 1.3 percentage points to 62.1 per cent. Vancouver continues to lead the market with a 75-per-cent occupancy rate for the first half of the year. Among the key markets examined, Calgary reported the lowest occupancy at 54.5 per cent (down 0.1 percentage point year-over-year).
