HENDERSONVILLE, Tenn. — The Canadian hotel industry reported positive year-over-year results in the three key performance metrics during 2016, according to data from STR released last month.
Compared with 2015, occupancy increased 0.6% to 64.5%, and average daily rate (ADR) rose 4.3% to $149.19 CAD. As a result, revenue per available room (RevPAR) grew 5.0% to $96.25CAD.
In absolute values, July was Canada’s top month of the year for each of the three metrics: occupancy (78.3%), ADR (168.39 CAD) and RevPAR ($131.87 CAD).
Among the provinces, Prince Edward Island recorded the year’s largest year-over-year increases in occupancy (+7.3% to 60.9%) and RevPAR (+15.0% to $86.40 CAD). ADR in the province rose 7.1% to $141.79 CAD.
British Columbia posted the largest rise in ADR (+7.7% to $167.24 CAD) and the second largest increase in RevPAR (+11.5% to $115.35 CAD).
Ontario saw the only other double-digit lift in RevPAR (+10.8% to $100.29 CAD) for the year.
Saskatchewan reported the steepest declines in ADR (-4.9% to $124.79 CAD) and RevPAR (-12.6% to $66.84 CAD). Occupancy in the province fell 8.1% to 53.6%.
Alberta experienced the largest decrease in occupancy (-8.5% to 54.3%) and the only other double-digit drop in RevPAR (-10.2% to $80.07 CAD).
During the fourth quarter of 2016, Canadian hotels reported positive results in the three key performance metrics.
Occupancy rose 2.1% to 58.6%, ADR was up 3.5% to $142.18 CAD, and RevPAR increased 5.7% to $83.27 CAD.