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STR Reports Canada Q3 2015 Results­

October 31, 2015 Hotel Trends No Comments Email Email

The Canadian hotel industry reported positive results in the three key performance metrics for the third quarter of 2015, according to data from STR, Inc.http://eventscrm.ttgasia.com/ttg2016/itcmchina/buyer/itcmbuyer.asp?code=GlobalTravelMedia

In year-over-year results, the Canadian hotel industry’s occupancy increased 0.2% to 76.6%; its average daily rate was up 6.1% to CAD$154.95; and its revenue per available room increased 6.9% to CAD$113.76.

Among the provinces, Prince Edward Island reported the largest increase in occupancy, up 7.5% to 89.6%. Nova Scotia followed with a 6.2% increase to 81.9%.

Alberta experienced the steepest occupancy decline, down 9.7% to 68.4%.

British Columbia posted the only double-digit rise in ADR, up 13.3% to CAD$180.67.

Saskatchewan (-2.5% to CAD$128.20) and Newfoundland and Labrador (-1.4% to CAD$160.14) were the only two provinces to report a drop in ADR.

Five provinces recorded a double-digit increase in RevPAR, led by Prince Edward Island (+19.7% to CAD$125.16).

Alberta reported the only double-digit decrease in RevPAR, down 11.5% to CAD$103.81.

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