The Canadian hotel industry reported positive results in two of the three key performance metrics for the first quarter of 2015, according to data from STR, Inc.
In year-over-year results, the Canadian hotel industry’s occupancy was down 0.4 percent to 55.6 percent. However, its average daily rate rose 2.6 percent to CAD$132.57, and its revenue per available room increased 2.1 percent to CAD$73.72.
Among the provinces, British Columbia reported the highest RevPAR increase during the quarter, up 10.9 percent to CAD$79.12. The Yukon Territory followed with a 6.0-percent year-over-year increase in RevPAR to CAD$60.25.
Saskatchewan experienced the steepest RevPAR decline for the quarter, down 7.7 percent to CAD$72.87.
Prince Edward Island (+6.5 percent to CAD$96.61) saw the most significant rise in ADR, followed by British Columbia (+4.2 percent to CAD$139.21).
Saskatchewan, the only province not to experience year-over-year ADR growth for the first quarter, reported flat ADR performance (CAD$133.25).
British Columbia (+6.4 percent to 56.8 percent) posted the largest occupancy increase, while Alberta (-7.8 percent to 57.3 percent) reported the largest occupancy decrease.
Amongst Canada’s key markets, Victoria, British Columbia, reported the quarter’s largest increases in occupancy (+15.6 percent to 55.1 percent) and RevPAR (+22.4 percent to CAD$61.04). ADR in Victoria also increased 5.9 percent to CAD$110.79.
The Alberta North Area saw the steepest declines in occupancy (-14.7 percent to 56.4 percent) and RevPAR (-13.5 percent to CAD$83.83).
London, Ontario, posted the highest ADR increase, up 6.8 percent to CAD$105.27.
Kamloops/Kelowna Area, British Columbia (-2.3 percent to CAD$100.65) and Regina, Saskatchewan (-2.3 percent to CAD$129.84) reported the largest ADR decreases.
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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