In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 4.1-percent increase to 57.6 percent, its average daily rate rose 2.6 percent to CAD$126.07 and its revenue per available room was up 6.8 percent to CAD$72.67.

STR;
The Canadian hotel industry reported positive results in the three key performance metrics for the week of 26 February-3 March, according to data from STR. 

In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 4.1-percent increase to 57.6 percent, its average daily rate rose 2.6 percent to CAD$126.07 and its revenue per available room was up 6.8 percent to CAD$72.67.

Among the provinces, Prince Edward Island jumped 28.9 percent in occupancy to 44.1 percent, reporting the largest increase in that metric, followed by Quebec (+16.5 percent to 53.6 percent) and Alberta (+11.5 percent to 63.8 percent). Ontario posted the only occupancy decrease, falling 1.3 percent to 57.4 percent.

Prince Edward Island (+10.5 percent to CAD$83.53) and Newfoundland (+6.2 percent to CAD$127.81) experienced the largest ADR increases for the week. Nova Scotia ended the week virtually flat with a 0.9-percent decrease to CAD$110.09, reporting the only decrease in that metric.

Five provinces reported double-digit RevPAR growth: Prince Edward Island (+42.5 percent to CAD$36.82); Quebec (+19.2 percent to CAD$67.73); Alberta (+14.7 percent to CAD$84.89); Newfoundland (+13.2 percent to CAD$79.46); and Manitoba (+11.3 percent to CAD$72.79). 


About STR

STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, 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, RRC and HotelNewsNow.com. For more information, please visit www.str.com.