Poor Performance for Canadian Hotel Industry Week Ending 26 December 2015
The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 20-26 December 2015, according to data from STR, Inc.
In year-over-year comparisons, occupancy dropped 6.5% to 33.1%. Average daily rate for the week increased 1.2% to CAD$136.32. Revenue per available room decreased 5.4% to CAD$45.06.
Among the provinces, Prince Edward Island reported the largest increases in occupancy (+39.5% to 19.1%) and RevPAR (+42.9% to CAD$15.21).
Nova Scotia (+13.3% to CAD$22.06) was the only other province to record a double-digit rise in RevPAR.
Alberta experienced the steepest declines in occupancy (-21.3% to 26.6%) and RevPAR (-22.4% to CAD$39.89).
British Columbia posted the largest increase in ADR, up 6.2% to CAD$184.95.
Saskatchewan reported the largest drop in ADR (-6.0% to CAD$115.10) as well as double-digit decreases in occupancy (-13.2% to 23.3%) and RevPAR (-18.4% to CAD$26.83).
STR, Inc. provides clients - including hotel operators, developers, financiers, analysts and suppliers to the hotel industry - access to hotel research with regular and custom reports covering the United States, Canada, 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, STR Analytics and Hotel News Now. STR also founded the Hotel Data Conference. For more information, please visit www.str.com.
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