Global Travel Media » Blog Archive » STR: Canada posts highest Q3 hotel rates on record

Home » Hotel Trends » Currently Reading:

STR: Canada posts highest Q3 hotel rates on record

October 30, 2018 Hotel Trends No Comments Email Email

Canada’s hotel industry reported mixed year-over-year results in the three key performance metrics during the third quarter of 2018, according to data from STR.
http://www.tourismthailand.org/landing/landing_en.html

Compared with Q3 2017:

  • Occupancy: -0.5% to 78.0%
  • Average daily rate (ADR): +4.4% to CAD182.28
  • Revenue per available room (RevPAR): +3.9% to CAD142.14

The absolute ADR and RevPAR levels were the highest for any quarter in STR’s Canada database. August was the strongest month of the quarter for absolute occupancy (80.4%), ADR (CAD184.94) and RevPAR (CAD148.75).

STR analysts note that a continued influx of inbound international tourism and solid economic conditions helped achieve the record performance levels. Hotels were also helped by several significant events in major markets such as the Canadian National Exhibition (16 August through 3 September) and Vancouver Fashion Week (17-23 September).

Overall, six of the 11 reporting provinces and territories saw RevPAR growth during the quarter.

British Columbia posted the highest jump in RevPAR (+6.7% to CAD191.97), which was driven by the largest lift in ADR (+8.7% to CAD227.22).

Saskatchewan experienced the highest rise in occupancy (+2.8% to 60.4%), but one of the only declines in ADR (-1.8% to CAD115.81).

Ontario registered the second-largest increase in RevPAR (+5.7% to CAD146.22).

Newfoundland and Labrador saw the only double-digit drops in occupancy (-11.8% to 71.8%) and RevPAR (-15.9% to CAD107.31) and the largest dip in ADR (-4.7% to CAD149.49).

New Brunswick reported the second-largest declines in occupancy (-3.1% to 80.1%) and RevPAR (-1.8% to CAD108.19).

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS