Hotel performance for three major Canadian cities was less than steller for the week ending Aug. 14, according to global consulting and services organization, HVS.
In Montreal the ADR dropped to $129.83, down 4.8 per cent from last year; Toronto ADR sat at $126.55, slipping one per cent from a year ago; and Vancouver rates fell 8.5 per cent to $166.39.
In terms of RevPAR, Montreal hotels earned an average of $99.10, slipping 7.3 per cent from this time last year, Toronto was at $98.20, down 8.2 per cent year over year, while the sun came out in Vancouver and the RevPAR jumped more than 19 per cent to $149.31.
Montreal and Toronto hotels were at roughly three quarters capacity for the week ending Aug. 14. The occupancy rate in Montreal was 76.3 per cent, Toronto was 77.6 per cent and Vancouver was a healthy 89.7 per cent.
