TORONTO — The Canadian hotel sector generated 64.3-per-cent occupancy, with Vancouver recording the highest occupancy (74.8 per cent), followed by Ottawa (72.7 per cent) and Toronto (72 per cent), according to HVS Canada’s “Canadian Quarterly Lodging Outlook 2015-Q4.”
Calgary and Halifax generated the lowest occupancy in the country year-to-date through December at 63.6 per cent and 65.4 per cent, respectively. Average daily rates year-to-date through December were $143.52, compared to $137.36 the previous year. Again, Vancouver nabbed the highest ADR at $164.67, followed by Calgary ($157.47), Toronto ($154.61), Montreal ($153.30), Ottawa ($151) and Halifax ($130.10). Calgary was the only city whose ADR decreased, down from $163.70 in 2014 to $157.47.
In the same time period, average RevPAR was $92.29, slightly higher than in 2014 ($89.06). Vancouver captured the highest RevPAR ($123.25), followed by Toronto ($111.28), Calgary ($100.12), Ottawa ($109.83), Montreal ($107.71) and Halifax ($85.06). Overall, room supply grew by one per cent, while demand grew by only 0.2 per cent.
The “Canadian Lodging Outlook” was produced in partnership with Hendersonville, Tenn.-based STR Inc.