Positive Results for Canadian Hotel Industry Week Ending 19 July 2014
The Canadian hotel industry reported increases in the three key performance metrics during the week of 13-19 July 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy rate rose 2.9 percent to 77.1 percent. Average daily rate increased 4.1 percent to finish the week at US$117.57. Revenue per available room for the week was up 7.1 percent to finish at US$90.68.
The industrys occupancy increased 3.6 percent to 68.1 percent; average daily rate rose 4.4 percent to US$115.46; and revenue per available room was up 8.2 percent to US$78.59. Demand increased 4.5 percent during the second quarter, while supply was up 0.8 percent.
The second quarter ended on a high note for both the business and leisure travel segments. Global leisure travel booked online yielded impressive reservation and rate growth during the second quarter, growing by +10.2% and +6.5% in June respectively.