Market Report Canada

Canadian Hotel Occupancy Drops 3.4% to 66.2% For Week Ending 2 May 2015

Revenue per available room down 2.0% to CAD$90.19

STR The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 26 April through 2 May 2015, according to data from STR, Inc.

In year-over-year comparisons, occupancy was down 3.4 percent to 66.2 percent; average daily rate increased 1.4 percent to CAD$136.24; and revenue per available room decreased 2.0 percent to CAD$90.19.

Among the provinces, Quebec reported the largest increases in each of the three key performance measurements. Occupancy in the province increased 5.7 percent to 68.9 percent; ADR for the week was up 10.5 percent to CAD$148.74; and RevPAR rose 16.9 percent to CAD$102.41.

Alberta (-12.1 percent to 60.7 percent) and New Brunswick (-11.2 percent to 53.2 percent) each experienced double-digit occupancy decreases.

Prince Edward Island saw the largest decreases in ADR (-10.8 percent to CAD$101.47) and RevPAR (-15.8 percent to CAD$41.69).

Alberta (-14.1 percent to CAD$85.60) and Newfoundland and Labrador (-12.1 percent CAD$93.73) also experienced double-digit decreases in RevPAR. 

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.



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