The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 3-9 May 2015, according to data from STR, Inc.
In year-over-year comparisons, occupancy was down 5.1 percent to 64.4 percent; average daily rate increased 1.9 percent to CAD$140.42; and revenue per available room decreased 3.4 percent to CAD$90.46.
Among the provinces, Manitoba reported the only increase in occupancy, up 4.2 percent to 66.4 percent.
Ontario posted the largest increase in ADR, up 5.2 percent to CAD$137.92.
Manitoba saw the largest rise in RevPAR, up 8.0 percent to CAD$80.66.
Prince Edward Island experienced the largest decreases in each of the three key performance metrics. Occupancy for the province was down 21.0 percent to 46.0 percent; ADR decreased 14.4 percent to CAD$110.24; and RevPAR dropped 32.4 percent to CAD$50.71.
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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