Market Report Canada

Canadian Hotel Occupancy Drops 0.8% to 58.4% For Week Ending 14 February 2015

Revenue per available room up 1.1% to CAD$78.19

STR The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 8-14 February 2015, according to data from STR, Inc.

In year-over-year comparisons, occupancy fell 0.8 percent to 58.4 percent; average daily rate was up 1.9 percent to CAD$133.91; and revenue per available room increased 1.1 percent to CAD$78.19.

Among the provinces, Quebec (+6.0 percent to 66.0 percent) and British Columbia (+4.0 percent to 55.7 percent) achieved the highest occupancy increases for the week. The steepest decline was reported by Prince Edward Island, where occupancy fell 21.4 percent to 38.9 percent.

Quebec achieved the highest ADR increase for the week, up 3.7 percent to CAD$140.86. Prince Edward Island reported the largest ADR decrease, down 2.4 percent to CAD$104.04.

Among the provinces, Quebec (+10.0 percent to CAD$92.91) and Manitoba (+6.3 percent to CAD$77.36) reported the greatest RevPAR increases, whereas Prince Edward Island (-23.3 percent to CAD$40.49) reported the greatest decline. 

About STR

STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, 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, RRC and HotelNewsNow.com. For more information, please visit www.str.com.



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