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STR: Canada Hotel Results for Week Ending 27 February

In year-over-year comparisons, occupancy decreased 0.7% to 59.1%; ADR was up 1.2% to CA$135.92; and RevPAR increased 0.5% to CA$80.34.
By HNN Newswire
March 3, 2016 | 8:33 P.M.

HENDERSONVILLE, Tennessee—The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 21-27 February 2016, according to data from STR.

In year-over-year comparisons, occupancy decreased 0.7% to 59.1%. Average daily rate for the week was up 1.2% to CAD135.92. Revenue per available room increased 0.5% to CAD80.34.

Among the provinces, Quebec posted the largest increases in ADR (+6.1% to US$142.56) and RevPAR (+16.4% to CAD93.43).

Prince Edward Island experienced the only double-digit lift in occupancy (+14.0% to 40.1%) as well as double-digit growth in RevPAR (+14.7% to CAD42.99).

Alberta experienced the steepest declines in each of the three key performance metrics. Occupancy fell 16.6% to 51.1%; ADR was down 4.9% to CAD136.34; and RevPAR dropped 20.8% to CAD69.66.

Newfoundland and Labrador was the only other province to see a double-digit decrease in both occupancy (-11.3% to 48.9%) and RevPAR (-13.9% to CAD65.44).

Media Contacts:

Jeff Higley
VP, Digital Media & Communications
jhigley@str.com
+1 (615) 824-8664 ext. 3318

Nick Minerd
Public Relations Coordinator
nminerd@str.com
+1 (615) 824-8664 ext. 3305

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