Canada reports positive Q1 results

HENDERSONVILLE, Tenn. — Canada’s hotel industry reported positive year-over-year results in the three key performance metrics during the first quarter of 2017, according to data from STR released April 26.

HENDERSONVILLE, Tenn. — Canada’s hotel industry reported positive year-over-year results in the three key performance metrics during the first quarter of 2017, according to data from STR released April 26.

Compared with Q1 2016, occupancy rose 2.7%, to 56.1%; average daily rate (ADR) increased by 2.7%, to $140.17 CAD; and revenue per available room (RevPAR) was up by 5.5%, to $78.64 CAD.

March was particularly strong in terms of growth (RevPAR up by 8.1%), and STR analysts attribute that performance strength to a favorable Easter calendar shift. 

Two provinces saw double-digit RevPAR growth for the quarter: New Brunswick (11.8%, to $52.95 CAD) and Quebec (10.1%, to $87.11 CAD). 

Prince Edward Island posted the largest lift in ADR (6.0%, to $105.48 CAD). 

Newfoundland and Labrador experienced the greatest rise in occupancy (9.4%, to 50.8%). 

Saskatchewan reported the steepest declines across the three performance metrics. Occupancy fell 2.9%, to 48.0%, ADR declined 5.4%, to $120.20 CAD and RevPAR dropped 8.1%, to $57.74. CAD

Overall, nine of the 11 reporting provinces registered a RevPAR increase for the quarter.