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STR: Canada hotel performance for Q3 2016

October 31, 2016 Hotel Trends No Comments Email Email
KLM – AMS Top Post

The Canadian hotel industry reported positive results in the three key performance metrics for the third quarter of 2016, according to data from STR.http://industryclub.com.au/

Compared with Q3 2015, the Canadian hotel industry’s occupancy increased 1.2% to 77.4%. Average daily rate was up 6.8% to CAD164.87. Revenue per available room grew 8.0% to CAD127.53.

Among the provinces, Ontario recorded the largest year-over-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 quarter’s largest year-over-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).

KLM – Lon Footer Post

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