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.
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).
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