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Fri, 28 October 2016

Canadian Hotel Industry Reports Q3 2016 Increase in ADR, OR and RevPAR

According to data compiled by STR, the Canadian hotel industry reported positive results in the three key performance metrics for the third quarter of 2016.

Compared with Q3 2015, the Canadian hotel industrys occupancy increased 1.2% to 77.4%, ADR was up 6.8% to CAD164.87, and RevPAR grew 8.0% to CAD127.53.

Among the provinces, Ontario recorded the largest year-on-year increases in ADR (+9.8% to CAD160.57) and RevPAR (+14.9% to CAD130.73). Occupancy in the province rose 4.6% to 81.4%.

 Four additional provinces experienced a double-digit lift in RevPAR for the quarter: Prince Edward Island (+14.8% to CAD160.12); Quebec (+13.6% to CAD144.44); Nova Scotia (+11.6% to CAD122.43); and British Columbia (+10.9% to CAD162.20).

British Columbia posted the highest absolute levels for ADR (CAD191.47) and RevPAR (CAD162.20).

Prince Edward Island saw the quarters largest year-on-year occupancy increase (+4.8%) and highest absolute occupancy (93.9%).

Saskatchewan reported the largest decreases across the three key metrics. Occupancy fell 10.5% to 56.8%; ADR was down 5.0% to CAD121.63; and RevPAR dropped 15.0% to CAD69.14.

The only other double-digit decrease in the metrics was reported in the Northwest Territories (RevPAR: -12.1% to CAD119.01).

See other recent news regarding: STR, ADR, RevPAR

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