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.