NATIONALLY, hotels tracked by PKF closed the year
2000 with an occupancy of 65.0%, a 1.4% decrease over 1999. The
average daily room rate increased by 5.1% to $111.14, which
resulted in a REVPAR of $72.26, a 3.7% increase over 1999.
ATLANTIC CANADA RESULTS –
The Atlantic provinces experienced a 4.0% overall decrease
in occupancy and a 5.6% improvement in average daily room
rate, resulting in a 1.3% increase in Revenue Per Available
Room (REVPAR). December 2000 year-to-date occupancies
were down in all Atlantic Canada markets tracked by PKF,
however, properties in Nova Scotia ended the year with a
6.3% increase in average daily room rate to $99.54 and a
3.3% increase in REVPAR over December 1999.
In terms of property size categories, hotels with 201 to
500 rooms achieved the highest occupancy (71.0%), average
daily room rate ($111.81) and REVPAR ($79.38).
Suite Hotels in Atlantic Canada performed better in occupancy
(74.7%) than any other property type and achieved a notable
improvement in average daily room rate (10.5%). Compared
with other property types, Limited Service hotels achieved
the lowest occupancy at 63.3%.
When classified by Price Level, Upscale properties attained
the highest occupancy (70.0%), average daily room rate ($134.71)
and REVPAR ($94.28).
CENTRAL CANADA RESULTS –
Properties in Central Canada experienced a decrease of 1.5%
in occupancy over 1999. However, increases were reported
in average daily room rate (7.2%) and REVPAR (5.6%) compared
with December 1999 year-to-date results. Occupancy
performance was led by Downtown Ottawa (76.3%), however,
Ottawa West reported the highest occupancy increase (12.1%)
over December 1999. The highest average daily room
rates were achieved in Downtown Toronto ($158.37) and Downtown
Montreal ($135.16).
In terms of property size, properties with over 500 rooms
led occupancy rates (72.3%), while properties with less than
50 rooms experienced the greatest decrease in occupancy (4.4%)
when compared with the same period in 1999. Properties
over 500 rooms also reported the highest average daily room
rate ($147.25) and REVPAR ($106.47).
According to property type, Suite Hotels in Central Canada
experienced the highest occupancy rates (75.0%) and the most
improvement in REVPAR (6.4%). Resort Hotels achieved
the highest average daily room rate ($150.02) while Limited
Service properties reported the highest increase in average
daily room rate (7.5%).
Upscale Hotels attained the highest occupancy (72.7%), average
daily room rate ($155.20) and REVPAR ($112.78). Budget
Hotels experienced the highest decrease in occupancy (4.5%)
while Mid-Price properties had the most improvement in average
daily room rate (8.9%).
WESTERN CANADA RESULTS –
Overall occupancy in Western Canada properties fell by 0.6%
to 62.5% from 1999. However, properties in Western
Canada achieved increases of 2.4% in average daily room rate
and 1.8% in REVPAR.
In terms of property size, properties with over 500 rooms
led occupancy rates (69.6%) and reported the greatest improvement
in average daily room rate ($211.22). Properties with
between 50 and 75 rooms experienced the highest increase
in REVPAR (7.7%).
Suite Hotels in Western Canada had the highest occupancy
than any other property type at 65.0%, while Resort Hotels
attained the highest average daily room rate ($183.70) and
REVPAR ($118.45).
When classified by Price Level, Upscale Hotels achieved
the highest occupancy (66.9%), average daily room rate ($162.17)
and REVPAR ($108.41).
Carol Lopes
Database Coordinator
Please note: The monthly information provided within
this document may vary from that previously published. This
is as a result of improved sample size.
