The Canadian hotel industry reported increases in the three key performance metrics during the week of 25-31 May 2014, according to data from STR.
In year-over-year comparisons, occupancy rose 3.5 percent 71.7 percent; average daily rate was up 2.2 percent to CAD$137.93; and revenue per available room increased 5.7 percent to CAD$98.95.
Among the provinces, Prince Edward Island reported the largest increase in occupancy, up 12.3 percent to 52.8 percent. Conversely, Newfoundland and Labrador reported the steepest decline, down 13.3 percent to 75.8 percent.
Quebec experienced the greatest increase in ADR, up 6.4 percent to CAD$149.03. The greatest loss in this metric was reported by Newfoundland and Labrador, where rates fell 4.1 percent to CAD$150.92. However, CAD$150.92 was also the highest actual ADR for the week.
Only Prince Edward Island (+13.1 percent to CAD$66.50) and Quebec (+12.6 percent to CAD$115.71) experienced double-digit RevPAR increases. Whereas growth in Prince Edward Island was largely occupancy-driven, rate growth in Quebec outpaced occupancy growth. Newfoundland and Labrador (-16.9 percent to CAD$114.33) reported the only double-digit RevPAR decline.
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