The Canadian hotel industry reported increases in the three key performance metrics during the week of 4-10 May 2014, according to data from STR.
In year-over-year comparisons, occupancy rose 5.4 percent to 67.8 percent; average daily rate was up 2.9 percent to CAD$137.22; and revenue per available room increased 8.5 percent to CAD$93.08.
Prince Edward Island reported the highest occupancy increase, up 38.0 percent to 57.0 percent. Newfoundland and Labrador reported the steepest decline, down 10.0 percent to 69.5 percent.
Most provinces reported ADR increases. Prince Edward Island was the leader in this metric as well, up 29.8 percent to CAD$122.11. The largest decline in ADR was experienced by Manitoba, down 2.6 percent to CAD$117.23.
Double-digit increases in both occupancy and ADR led to a 79.1-percent RevPAR increase to CAD$69.64 for Prince Edward Island. The steepest RevPAR decline was reported by Newfoundland and Labrador, down 10.1 percent to CAD$100.78.
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