Market Report Canada

Negative Performance Metrics for Canadian Hotel Industry Week Ending 4 April 2015

In year-over-year comparisons, occupancy was down 10.1 percent to 53.8 percent; average daily rate dropped 0.9 percent to CAD$127.87; and revenue per available room decreased 10.9 percent to CAD$68.76.

STR The Canadian hotel industry reported negative results in the three key performance metrics during the week of 29 March through 4 April 2015, according to data from STR, Inc.

In year-over-year comparisons, occupancy was down 10.1 percent to 53.8 percent; average daily rate dropped 0.9 percent to CAD$127.87; and revenue per available room decreased 10.9 percent to CAD$68.76.

Among the provinces, Quebec achieved the highest performance in all three measurements. For the week, Quebec's occupancy was up 7.9 percent to 58.7 percent; its ADR rose 6.1 percent to CAD$135.46; and its RevPAR increased 14.5 percent to CAD$79.53.

Prince Edward Island experienced the largest decline in all three performance metrics for the week. Within the province, occupancy dropped 41.8 percent to 25.9 percent; ADR decreased 13.9 percent to CAD$94.06; and RevPAR declined 49.9 percent to CAD$24.34.

Only one other province outside of Quebec experienced a positive result for any of the three key performance metrics. In Nova Scotia, ADR increased 2.4 percent to CAD$118.67. 

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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