The Canadian hotel industry reported negative results in the three key performance metrics during the week of 5-11 April 2015, according to data from STR, Inc.
In year-over-year comparisons, occupancy was down 12.3 percent to 57.1 percent; average daily rate dropped 1.2 percent to CAD$129.97; and revenue per available room decreased 13.3 percent to CAD$74.16.
Among the provinces, Newfoundland and Labrador achieved the only occupancy increase for the week, rising 19.5 percent to 75.0 percent. Saskatchewan (-23.4 percent to 53.5 percent) and Prince Edward Island (-23.1 percent to 26.7 percent) experienced the largest occupancy decreases.
Quebec (+3.5 percent to CAD$135.79) and Nova Scotia (+3.5 percent to CAD$117.43) posted the highest ADR increases for the week. Saskatchewan reported the largest ADR decline, falling 4.1 percent to CAD$132.25.
Newfoundland and Labrador experienced the highest RevPAR increase for the week, up 22.8 percent to CAD$105.47. Saskatchewan reported the week's largest decrease in RevPAR, down 26.6 percent to CAD$70.79.
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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