The Canadian hotel industry reported increases in the three key performance metrics during the week of 12-18 January 2014, according to data from STR.
In year-over-year comparisons, occupancy increased 3.2 percent to 54.6 percent; average daily rate was up 2.4 percent to CAD$127.61; and revenue per available room increased 5.6 percent to CAD$69.68.
A number of provinces, including Newfoundland and Labrador (-16.9 percent to 51.0 percent) and Nova Scotia (-7.9 percent to 44.0 percent), experienced large decreases in occupancy. Increases in other provinces, such as British Columbia (+7.0 percent to 49.8 percent) and Alberta (+6.3 percent to 64.4 percent), mitigated these losses, leading to overall occupancy growth in Canada.
The highest ADR increase was experienced by Saskatchewan, where rate was up 7.6 percent to CAD$139.63. The largest rate decrease was reported by Prince Edward Island, where ADR fell 3.4 percent to CAD$86.55.
Both British Columbia (+10.7 percent to CAD$64.73) and Saskatchewan (+10.2 percent to CAD$88.68) reported double-digit RevPAR growth. The largest RevPAR decrease was reported by Newfoundland and Labrador (-14.8 percent to CAD$67.57).
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