The Canadian hotel industry reported positive results in the three key performance metrics during the week of 12-18 April 2015, according to data from STR, Inc.
In year-over-year comparisons, occupancy was up 13.7 percent to 62.1 percent; average daily rate rose 7.8 percent to CAD$133.80; and revenue per available room increased 22.6 percent to CAD$83.12.
Among the provinces, Prince Edward Island achieved the largest increases in each of the three key performance metrics. Occupancy for Prince Edward Island was up 37.6 percent to 42.4 percent; ADR increased 32.9 percent to CAD$123.96; and RevPAR rose 82.9 percent to CAD$52.59.
Three other provinces experienced occupancy increases of more than 20.0 percent: Newfoundland and Labrador (+29.2 percent to 67.2 percent); Nova Scotia (+22.7 percent to 60.9 percent); and New Brunswick (+20.7 percent to 50.8 percent).
Along with Prince Edward Island, two additional provinces experienced double-digit ADR increases: Quebec (+12.2 percent to CAD$140.67) and Ontario (+11.7 percent to CAD$129.75).
Three other markets saw RevPAR increases of more than 30.0 percent: Newfoundland and Labrador (+32.5 percent to CAD$92.52); Ontario (+30.5 percent to CAD$81.69); and Nova Scotia (+30.2 percent to CAD$72.19).
No province reported negative results for any of the three key performance metrics.
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.
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