Positive Performance Metrics for Canadian Hotel Industry Week Ending 27 June 2015
The Canadian hotel industry reported positive results in the three key performance metrics during the week of 21-27 June 2015, according to data from STR, Inc.
In year-over-year measurements, the industry's occupancy increased 1.1 percent to 76.9 percent. Average daily rate for the week was up 4.6 percent to US$122.15. Revenue per available room increased 5.7 percent to finish the week at US$93.96.
Once again the UK Provinces led the way to profit growth with positive year-on-year movements during the month of May in gross operating profit per available room (GOPPAR). West Midlands hoteliers experienced a 4.7% increase in this metric while London hoteliers registered a decline, according to the latest data from HotStats.
Future business activity in U.S. hotels rose in May according to the latest reading of the Hotels' future business conditions (HIL) indicator. e−forecasting.com's HIL, a composite indicator that gauges future monthly overall business conditions in the U.S. hotel industry, increased by 0.1% in May to 118.6, following an increase of 0.1% in April.