Q1 2015 ADR and RevPAR Increases for Canadian Hotel Industry

According to data compiled by STR, the Canadian hotel industry reported positive results in two of the three key performance metrics for the first quarter of 2015.

In year-on-year results, the Canadian hotel industry’s occupancy was down 0.4% to 55.6%, ADR rose 2.6% to CA$132.57, and RevPAR increased 2.1% to CA$73.72.

Among the provinces, British Columbia reported the highest RevPAR increase during the quarter, up 10.9% to CA$79.12. The Yukon Territory followed with a 6% year-on-year increase in RevPAR to CA$60.25.

Saskatchewan experienced the steepest RevPAR decline for the quarter, down 7.7% to CA$72.87.

Prince Edward Island (+6.5% to CA$96.61) saw the most significant rise in ADR, followed by British Columbia (+4.2% to CA$139.21).

Saskatchewan, the only province not to experience year-on-year ADR growth for the first quarter, reported flat ADR performance (CA$133.25).

British Columbia (+6.4% to 56.8%) posted the largest occupancy increase, while Alberta (-7.8% to 57.3%) reported the largest occupancy decrease.

Amongst Canada’s key markets, Victoria, British Columbia, reported the quarter’s largest increases in occupancy (+15.6% to 55.1%) and RevPAR (+22.4% to CA$61.04). ADR in Victoria also increased 5.9% to CA$110.79.

The Alberta North Area saw the steepest declines in occupancy (-14.7% to 56.4%) and RevPAR (-13.5% to CA$83.83).

London, Ontario, posted the highest ADR increase, up 6.8% to CA$105.27.

Kamloops/Kelowna Area, British Columbia (-2.3% to CA$100.65) and Regina, Saskatchewan (-2.3% to CA$129.84) reported the largest ADR decreases.