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Mon, 28 Jan 2019

Hotels in Canada Report Increase in ADR, OR and RevPAR for 2018

According to STR, the Canadian hotel industry reported positive year-on-year results in the three key performance metrics during 2018.

 When compared with 2017, hotels in Canada enjoyed an average Occupancy increase of 1.0% to 66.3%, ADR rose 4.3% to CAD163.40 and RevPAR jumped +5.3% to CAD108.39.

The absolute occupancy level was the highest for any year in the country since 1999.

An October report from Destination Canada showed that overnight arrivals of international visitors to the country were up 1.2% year to date, putting the country on track for another record year. Preliminary figures for November then showed a 2% increase year to date.

Luxurious room at Four Seasons Hotel Toronto. Click to enlarge.

In absolute values, August was Canada’s top month of the year for each of the three metrics: Occupancy (80.4%), ADR (CAD185.02) and RevPAR (CAD148.74).

Among the provinces and territories, British Columbia recorded the year’s largest year-on-year increase in RevPAR (+9.3% to CAD137.18), due primarily to the largest lift in ADR (+8.6% to CAD193.58).

Saskatchewan experienced the highest rise in occupancy (+6.0% to 56.2%), but the second-steepest drop in ADR (-1.5% to CAD117.71).

Alberta saw the second-largest jump in RevPAR (+6.0% to CAD88.05).

Overall, 10 of the 11 reporting provinces and territories reported RevPAR growth.

Newfoundland and Labrador registered the steepest declines in all three key performance metrics: occupancy (-13.6% to 54.5%), ADR (-4.5% to CAD138.75) and RevPAR (-17.5% to CAD75.66).

Quebec experienced the second-largest drop in occupancy (-2.2% to 69.6%).

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