The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 23-29 August 2015, according to data from STR, Inc.
In year-over-year comparisons, occupancy decreased 5.3% to 75.2%. Average daily rate for the week was up 3.8% to CAD$148.93. Revenue per available room decreased 1.6% to CAD$112.00.
Among the provinces, New Brunswick experienced the largest increase in occupancy, up 4.8% to 78.6%.
British Columbia reported the largest increases in ADR (+10.7% to CAD$177.89) and RevPAR (+10.1% to CAD$145.52). Occupancy in the province decreased 0.5% to 81.7%.
Alberta saw the largest declines in occupancy (-18.9% to 64.5%) and RevPAR (-18.1% to CAD$101.37).
Prince Edward Island reported the largest drop in ADR, down 5.2% to CAD$151.64.
About STR
STR, Inc. provides clients - including hotel operators, developers, financiers, analysts and suppliers to the hotel industry - access to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, STR Analytics and Hotel News Now. STR also founded the Hotel Data Conference. For more information, please visit www.str.com.