The Canadian hotel industry reported positive results in the three key performance metrics during the week of 7-13 June 2015, according to data from STR, Inc.
In year-over-year comparisons, occupancy increased 2.6 percent to 76.0 percent. Average daily rate for the week was up 6.9 percent to CAD$158.06. Revenue per available room increased 9.7 percent to CAD$120.12.
Among the provinces, Manitoba reported the largest increases in occupancy (+20.1 percent to 88.7 percent) and RevPAR (+47.2 percent to CAD$131.85). ADR in the province was up 22.5 percent to CAD$148.60.
British Columbia posted the largest increase in ADR, up 25.6 percent to CAD$190.03. Occupancy in the province rose 11.8 percent to 81.0 percent, and RevPAR was up 40.5 percent to CAD$153.99.
Quebec (+16.3 percent to CAD$140.62) and New Brunswick (+14.5 percent to CAD$85.37) also reported double-digit increases in RevPAR.
Newfoundland and Labrador (-8.0 percent to 81.0 percent) and Saskatchewan (-8.0 percent to 62.0 percent) saw the largest decreases in occupancy.
Alberta reported the largest drop in ADR, down 1.9 percent to CAD$171.53.
Newfoundland and Labrador reported the largest decrease in RevPAR, down 9.7 percent to CAD$132.19.
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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