The Canadian hotel industry reported positive results in the three key performance metrics during the week of 19-25 April 2015, according to data from STR, Inc.
In year-over-year comparisons, occupancy was up 4.1 percent to 64.6 percent; average daily rate rose 5.9 percent to CAD$135.35; and revenue per available room increased 10.2 percent to CAD$87.49.
Among the provinces, Prince Edward Island achieved the largest increases in occupancy (+24.7 percent to 54.6 percent) and RevPAR (+38.0 percent to CAD$60.77). Prince Edward Island also posted a 10.7-percent increase in ADR to CAD$111.36—the second highest increase behind British Columbia (+13.0 percent to CAD$141.40).
Occupancy in British Columbia also increased 9.5 percent to 64.4 percent, and RevPAR in the province rose 23.7 percent to CAD$91.04.
Quebec (+18.6 percent to CAD$91.22) and Ontario (+14.4 percent to CAD$87.78) also saw double-digit increases in RevPAR.
Newfoundland and Labrador experienced the largest decreases in each of the three key performance metrics. Occupancy in the province dropped 12.4 percent to 63.2 percent; ADR was down 2.8 percent to CAD$132.80; and RevPAR fell 14.8 percent to CAD$83.89.
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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