POST Online Media Lite Edition



 

Canadian hotel industry growing nicely

Staff Writer |
The Canadian hotel industry reported positive performance during the week of August 6-12.

Article continues below






Occupancy increased 1.2% to 80.9%, while ADR jumped 9% to 179.33 Canadian dollars ($141.91) and RevPAR rose 10.3% to CA$145 ($114.75).

In comparison with the week of 7-13 August 2016, the industry reported occupancy: +1.2% to 80.9%, average daily rate (ADR): +9.0% to CAD179.33, and revenue per available room (RevPAR): +10.3% to CAD145.00.

Among the provinces, Manitoba experienced the largest year-over-year increase in RevPAR (+32.1% to CAD102.12) and the only double-digit increase in occupancy (+22.2% to 80.3%).

British Columbia posted the largest increase in ADR (+13.6% to CAD227.68).

Saskatchewan reported the week’s only drop in RevPAR (-5.2% to CAD66.33) and ADR (-4.6% to CAD114.30).

Two of the twelve reporting provinces reported the largest decrease in occupancy: Saskatchewan (-0.6% to 58.0%) and Ontario (-0.6% to 83.8%).


What to read next

Canadian hotels soon to be foreign-owned
Canadian hotel industry posts higher occupancy
Brazilian hotels to invest $4 billion until 2020