Canadian hotels report positive results in 3 key metrics

HENDERSONVILLE, Tenn. — The Canadian hotel industry reported positive results in the three key performance metrics for the third quarter of 2016, according to data from STR

HENDERSONVILLE, Tenn. — The Canadian hotel industry reported positive results in the three key performance metrics for the third quarter of 2016, according to data from STR, it was announced last month.

Compared with Q3 2015, the Canadian hotel industry’s occupancy increased 1.2 per cent to 77.4 per cent. Average daily rate was up 6.8 per cent, to $164.87 CAD. Revenue per available room grew 8.0 per cent, to $127.53 CAD.

Among the provinces, Ontario recorded the largest year-over-year increases in ADR (+9.8 per cent to $160.57 CAD) and RevPAR (+14.9 per cent to $130.73 CAD). Occupancy in the province rose 4.6 per cent, to 81.4 per cent. 

Four additional provinces experienced a double-digit lift in RevPAR for the quarter: Prince Edward Island (+14.8 per cent to $160.12 CAD); Quebec (+13.6 per cent to $144.44 CAD); Nova Scotia (+11.6 per cent to $122.43 CAD); and British Columbia (+10.9 per cent to $162.20 CAD).

British Columbia posted the highest absolute levels for ADR ($191.47 CAD) and RevPAR ($162.20 CAD).

Prince Edward Island saw the quarter’s largest year-over-year occupancy increase (+4.8 per cent) and highest absolute occupancy (93.9 per cent).

Saskatchewan reported the largest decreases across the three key metrics. Occupancy fell 10.5 per cent to 56.8 per cent; ADR was down 5 per cent to $121.63 CAD; and RevPAR dropped 15 per cent to $69.14 CAD.

The only other double-digit decrease in the metrics was reported in the Northwest Territories (RevPAR: -12.1 per cent, to $119.01 CAD).