HENDERSONVILLE, Tenn. — According to STR, it’s been a mixed bag of ups-and-downs for Canadian hotel performance in the first quarter of 2016.
Compared to Q1 2015, the industry’s occupancy dropped 1.4 per cent to 54.7 per cent. However, the average daily rate increased by 3.4 per cent to $136.68, while RevPAR increased two per cent to $74.79.
Prince Edward Island recorded its largest year-over-year increases in occupancy from 18.1 per cent to 36.8 per cent. The province’s RevPAR was also up 22 per cent to $36.57.
British Columbia was the only province to post a double digit rise in ADR — up 10.1 per cent to $151.53. It also reported a RevPAR increase of 15.8 per cent to $90.43.
Alberta and Newfoundland and Labrador experienced the steepest declines. Alberta suffered a 16.7 per cent drop in occupancy and a RevPAR decrease of 19.6 per cent to $65.32. Newfoundland and Labrador’s occupancy fell 11.4 per cent to 46.8 per cent and RevPAR dropped 13.1 per cent to $61.86.