Thu, 28 April 2016

Canadian Hotel Industry Reports Q1 2016 Increase in ADR and RevPAR

According to data compiled by STR, the Canadian hotel industry reported mixed results in the three key performance metrics for Q1 2016.

Compared with Q1 2015, the Canadian hotel industrys OR dipped 1.4% to 54.7%; ADR was up 3.4% to CAD136.68; and RevPAR increased 2.0% to CAD74.79.

Among the provinces, Prince Edward Island recorded the largest year-on-year increases in OR (+18.1% to 36.8%) and RevPAR (+22.0% to CAD36.57).

British Columbia posted the only double-digit rise in ADR (+10.1% to CAD151.53) and was the only other province to experience a double-digit lift in RevPAR (+15.8% to CAD90.43).

Alberta experienced the steepest declines in OR (-16.7% to 47.6%) and RevPAR (-19.6% to CAD65.32).

Newfoundland and Labrador was the only other province to see a double-digit drop in OR (-11.4% to 46.8%) and RevPAR (-13.1% to CAD61.86).

See other recent news regarding: Canada, STR, OR, ADR, RevPAR

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