Canada’s hotel industry records moderate growth

1st December 2011 (Last Updated December 1st, 2011 18:30)

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

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.