Market Reports

Positive Results for Canadian Hotel Industry Week Ending 20 December 2014

The Canadian hotel industry reported increases in the three key performance metrics during the week of 14-20 December 2014, according to data from STR, Inc.

STR The Canadian hotel industry reported increases in the three key performance metrics during the week of 14-20 December 2014, according to data from STR, Inc.

In year-over-year comparisons, occupancy increased 4.8 percent to 44.0 percent; average daily rate was up 4.2 percent to CAD$124.19; and revenue per available room increased 9.2 percent to CAD$54.69.

Among the provinces, Quebec (+12.9 percent to 43.9 percent) and Manitoba (+12.8 percent to 48.2 percent) achieved the highest occupancy increases. The only province to report an occupancy decline was Saskatchewan (-1.6 percent to 47.1 percent).

Prince Edward Island achieved the highest (and only double-digit) ADR increase for the week, up 17.1 percent to CAD$91.68. The only province to report an ADR decline was Manitoba, where rates fell 0.4 percent to CAD$111.55.

All provinces achieved RevPAR increases, due primarily to occupancy gains. The highest increases were reported by Prince Edward Island (+31.9 percent to CAD$21.28) and Quebec (+18.2 percent to CAD$56.56). 

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.



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