The Canadian hotel industry reported increases in the three key performance metrics during the week of 28 September through 4 October 2014, according to data from STR, Inc.
In year-over-year comparisons, occupancy increased 1.7 percent to 73.8 percent; average daily rate was up 2.2 percent to CAD$138.88; and revenue per available room increased 3.9 percent to CAD$102.43.
Among the provinces, Prince Edward Island reported the highest growth in all three key performance metrics. The province's occupancy rose 37.2 percent to 71.3 percent. Its ADR was up 19.4 percent to CAD$136.25, and RevPAR was up 63.8 percent to CAD$97.12.
Newfoundland and Labrador reported the steepest occupancy decline, down 7.5 percent to 83.7 percent. British Columbia was the only province to report a rate decline, down 3.3 percent to CAD$138.15.
British Columbia (-6.0 percent to CAD$93.02) and Newfoundland and Labrador (-1.4 percent to CAD$136.81) were the only provinces to report RevPAR losses.
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.
Logos, product and company names mentioned are the property of their respective owners.