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STR: Canada hotel performance for Q3 2016

October 31, 2016 Hotel Trends No Comments Email Email

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

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).

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