Positive Performance for Canadian Hotel Industry Week Ending 21 December 2013
The Canadian hotel industry reported increases in the three key performance metrics during the week of 15-21 December 2013, according to data from STR.
In year-over-year comparisons, occupancy increased 11.9 percent to 42.1 percent; average daily rate was up 3.0 percent to CAD$119.04; and revenue per available room increased 15.2 percent to CAD$50.13.
Among the provinces, Nova Scotia (+20.0 percent to 35.8 percent) and Alberta (+19.5 percent to 50.9 percent) reported the highest occupancy growth. Prince Edward Island (-9.8 percent to 20.6 percent) reported the largest occupancy decrease.
All provinces except British Columbia (-0.2 percent to CAD$123.52) experienced ADR growth. The largest gain was reported by Prince Edward Island, where rate increased 5.9 percent to CAD$78.32.
Alberta and Nova Scotia reported the largest RevPAR increases, up 24.2 percent to CAD$67.80 and up 24.0 percent to CAD$38.47, respectively. The only RevPAR decline was experienced by Prince Edward Island, down 4.5 percent to CAD$16.13.
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