Canada’s hotel industry records moderate growth

Canadian hotels revealed moderate growth for the week ending 19 November 2011, according to data released by STR Global.

The industry’s year-on-year revenue per available room (revPAR) increased by 1.3% to C$78.25, and its average daily rate rose by 1.2% to C$124.47.

Newfoundland and Nova Scotia reported double-digit revPAR rises, with 15.5% to C$103.05 and 12% to C$67.48, respectively, while British Columbia posted the largest revPAR fall of 8% to C$59.93.

Newfoundland experienced the biggest occupancy growth of 11.3% to 80.8%, followed by Nova Scotia’s 5.3% increase to 58.9%.

The largest occupancy fall was posted by British Columbia at 6.8% to 50.4% and New Brunswick with 4.7% to 58.7%.

According to the report, Prince Edward Island’s average daily rate grew by 7.1% to C$77.04, the largest increase in the metric, followed by Nova Scotia with a 6.4% rise to C$114.60.