Canadian hotel industry reported positive year-over-year results

The Canadian hotel industry reported positive year-over-year results in the three key performance metrics during the second quarter of 2018, according to data from STR. In addition, the absolute occupancy level was the highest for a Q2 in Canada since 1999, while average daily rate was the highest for any Q2 on record.

Absolute occupancy was 74.8%, ADR was 177.90 Canadian dollars ($136.95) and revenue per available room was recorded at CA$133.03 ($102.41).