Canada Hotel industry Posts Positive Outcomes Q2 2015

30 July 2015 4:03pm

The Canadian hotel industry reported mostly positive results in the three key performance metrics for the second quarter of 2015, according to data from STR, Inc.

In year-over-year results, the Canadian hotel industry’s occupancy was down 0.3 percent to 67.1 percent. However, its average daily rate rose 4.8 percent to CAD$144.12, and its revenue per available room increased 4.5 percent to CAD$96.63.

Among the provinces, British Columbia reported the highest RevPAR increase during the quarter, up 13.4 percent to CAD$111.11. Manitoba (+11.6 percent to CAD$81.57) was the only other province to report a double-digit increase in RevPAR.

Alberta experienced the steepest RevPAR decline for the quarter, down 7.6 percent to CAD$93.81. Each of the provinces reported an increase in ADR, led by British Columbia (+9.3 percent to CAD$157.33).

Manitoba (+6.3 percent to 66.0 percent) posted the largest occupancy increase, while Alberta (-8.6 percent to 62.2 percent) reported the largest occupancy decrease.

Source: Travel & Tour World