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STR: Canada hotel performance for Q2 2016

July 29, 2016 Hotel Trends No Comments Email Email

The Canadian hotel industry reported positive results in the three key performance metrics for the second quarter of 2016, according to data from STR.

Compared with Q2 2015, the Canadian hotel industry’s occupancy was nearly flat (+0.4% to 67.1%). Average daily rate was up 2.5% to CAD146.90. Revenue per available room increased 2.9% to CAD98.62.

Among the provinces, Prince Edward Island recorded the largest year-over-year increases across the three key performance metrics. Occupancy in the province rose 10.0% to 58.7%; ADR was up 6.6% to CAD137.61; and RevPAR grew 17.3% to CAD80.82.

The only other double-digit increase came in Nova Scotia, where RevPAR was up 14.7% to CAD91.63.

Alberta experienced the steepest declines in occupancy (-7.8% to 57.3%) and RevPAR (-11.1% to CAD82.79).

Saskatchewan reported the largest drop in ADR (-4.7% to CAD127.50) and the only other double-digit decline in RevPAR (-10.2% to CAD72.92).

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