ATLANTIC
CANADA RESULTS – The Atlantic provinces experienced
a 4.1% overall decrease in occupancy and a 5.8% improvement in average
daily room rate, resulting in a 1.5% increase in Revenue Per Available
Room (REVPAR). September 2000 year-to-date occupancies were down
in all Atlantic Canada markets tracked by PKF, however, Prince Edward
Island reported the highest provincial increase in average daily rate
(7.0%) to $102.85.
In
terms of property size categories, hotels with 201 to 500 rooms achieved
the highest occupancy (72.9%), average daily room rate ($113.96) and REVPAR
($83.12).
Suite
Hotels in Atlantic Canada performed better in occupancy (77.6%) than any
other property type and achieved a notable improvement in average daily room
rate (11.2%). Compared with other property types, Limited Service hotels
achieved the lowest occupancy at 66.9%.
When
classified by Price Level, Upscale properties attained the highest occupancy
(72.9%), average daily room rate ($137.54) and REVPAR ($100.30).
CENTRAL
CANADA RESULTS – Properties in Central Canada
experienced a decrease of 1.9% in occupancy over the same period last
year. However, increases were reported in average daily room
rate (7.5%) and REVPAR (5.5%) compared with September 1999 year-to-date
results. Occupancy performance was led by Downtown Ottawa (78.4%),
however, Ottawa West reported the highest occupancy increase (9.8%)
for the same period last year. The highest average daily room
rates were achieved in Downtown Toronto ($159.42) and Greater Quebec
City ($127.25).
In terms of property size,
properties with over 500 rooms led occupancy rates (73.9%), while properties
with less than 50 rooms experienced the greatest decrease in occupancy (6.0%)
when compared with the same period in 1999. Properties over 500 rooms
also reported the highest average daily room rate ($147.89) and REVPAR ($109.26).
According
to property type, Suite Hotels in Central Canada experienced the highest
occupancy rates (77.2%) and the most improvement in REVPAR (6.7%). Resort
Hotels achieved the highest average daily room rate ($147.16) while Limited
Service properties reported the highest increase in average daily room rate
(7.5%).
Upscale
Hotels attained the highest occupancy (74.9%), average daily room rate ($155.89)
and REVPAR ($116.77). Budget Hotels experienced the highest decrease
in occupancy (5.9%) while Mid-Price properties had the most improvement in
average daily room rate (9.1%).
WESTERN
CANADA RESULTS – Overall occupancy in Western
Canada properties fell by 1.6% to 65.4% for the period January to September
2000. However, properties in Western Canada achieved increases
of 2.4% in average daily room rate and 0.7% in REVPAR.
In
terms of property size, properties with over 500 rooms led occupancy rates
(74.2%) and reported the greatest improvement in average daily room rate
($219.25). Properties with between 76 and 125 rooms experienced the
highest increase in REVPAR (7.1%).
Resort
Hotels in Western Canada had the highest occupancy than any other property
type at 69.8% and attained the highest average daily room rate ($190.25)
and REVPAR ($132.74). When classified by Price Level, Upscale Hotels
achieved the highest occupancy (70.4%), average daily room rate ($167.96)
and REVPAR ($118.31).
Please
note: The monthly information provided within this document may vary
from that previously published. This is as a result of improved sample
size.
Carol
Lopes, Database Coordinator
Pannell
Kerr Forster
