The Canadian hotel industry reported increases in the three key performance metrics during the week of 19-25 January 2014, according to data from STR.
In year-over-year comparisons, occupancy increased 1.7 percent to 55.7 percent; average daily rate was up 1.5 percent to CAD$128.40; and revenue per available room increased 3.3 percent to CAD$71.57.
Among the provinces, the largest occupancy increase was reported by New Brunswick (+12.7 percent to 45.5 percent). Several provinces reported occupancy decreases, with Newfoundland and Labrador (-24.0 percent to 48.3 percent) and Prince Edward Island (-14.1 percent to 31.3 percent) experiencing the steepest declines.
The highest ADR increase was experienced by Manitoba, where rate grew 4.4 percent to CAD$120.14. The largest ADR decrease was reported by Prince Edward Island, where rates fell to CAD$85.52, a loss of 6.3 percent.
New Brunswick reported the largest RevPAR increase, up 12.8 percent to CAD$49.40. Double-digit RevPAR decreases were reported by both Newfoundland and Labrador (-24.6 percent to CAD$63.18) and Prince Edward Island (-19.5 percent to CAD$26.74).
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