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National Occupancy Continues to Creep Upward

HENDERSONVILLE, Tenn. — Canadian hotel performance saw a continued steady rise for the week ending August 22, while significant year-over-year declines remain, according to STR data.

In a year-over-year comparison, the industry reported a 46.4-per-cent drop in occupancy to 42.9 per cent, a 27.3-per-cent decrease in Average Daily Rate (ADR) to $130.37 and a 61-per-cent decrease in Revenue Per Available Room (RevPAR) to $55.97. For comparison, the previous week, ending August 15, saw occupancy of 41.8 per cent, ADR at $129.19 and RevPAR of $53.99.

The week saw both P.E.I. and B.C. surpass a 50-per-cent occupancy level, achieving occupancy of 56.1 per cent and 53.7 per cent respectively. Four additional provinces achieved occupancy above 40-per-cent, with occupancy reported at 43.3 per cent in Ontario, 42.9 per cent in New Brunswick, 40.4 per cent in Manitoba and 40.5 per cent in Saskatchewan.

With occupancy at 42.3 per cent, Ottawa was once again the only major market to surpass 40-per-cent occupancy.

The lowest occupancy among provinces was reported in Quebec (36.5 per cent) and, at the market level, the lowest occupancy was seen in Montreal (23.6 per cent).

The post National Occupancy Continues to Creep Upward appeared first on Hotelier Magazine.

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