HENDERSONVILLE, Tenn. — The Canadian hotel industry reported mixed year-over-year results in the three key performance metrics during Q3 2018, according to data from STR.
In year-over-year comparison, the industry reported a 0.5-per-cent decrease in occupancy to 78 per cent, 4.4-per-cent growth in Average Daily Rate (ADR) to $182.28 and a 3.9-per-cent increase in Revenue Per Available Room (RevPAR) to $142.14.
The absolute ADR and RevPAR levels were the highest for any quarter in STR’s Canadian database. August was the strongest month of the quarter for absolute occupancy (80.4 per cent), ADR ($184.94) and RevPAR ($148.75). Analysts note that a continued influx of inbound international tourism and solid economic conditions helped achieve the record performance levels.
Overall, six of the 11 reporting provinces and territories reported RevPAR growth during the quarter, with B.C. posting the highest jump in RevPAR (up 6.7 per cent to $191.97), which was driven by the largest lift in ADR (a 8.7-per-cent increase to $227.22). Ontario registered the second-largest increase in RevPAR (up 5.7 per cent to $146.22).
Saskatchewan experienced the highest rise in occupancy (up 2.8 per cent to 60.4 per cent), but one of the only declines in ADR (down 1.8 per cent to $115.81).
Newfoundland and Labrador saw the only double-digit drops in occupancy and RevPAR — down 11.8 per cent and 15.9 per cent respectively — as well as the largest dip in ADR (down 4.7 per cent). New Brunswick reported the second-largest declines in occupancy and RevPAR, which fell 3.1 per cent and 1.8 per cent respectively.