NATIONALLY,
hotels tracked by PKF achieved a 1.6% increase in occupancy for the
first quarter of 2001 over the same period in 2000. The average daily
room rate increased by 5.7% to $107.45 and this resulted in a Revenue
Per Available Room (REVPAR) of $60.75, a 7.4% increase over the first
quarter of 2000.
ATLANTIC CANADA
RESULTS – The Atlantic provinces experienced a 1.2% overall
decrease in occupancy but a 4.3% improvement in average daily room rate,
which resulted in a 3.1% increase in REVPAR. Hotels in PKF’s Prince
Edward Island sample reported an increase of 9.2% in occupancy over
the first quarter of the previous year. Newfoundland properties followed
with a reported 7.2% increase in occupancy. Both Newfoundland and New
Brunswick showed an increase of 6.9% in average daily room rate over
the same quarter last year and Newfoundland experienced the highest
REVPAR increase for Atlantic Canada at 14.6% to $48.33 compared with
$42.17 in 2000.
CENTRAL CANADA
RESULTS – First quarter results for Central Canada showed
hotels tracked by PKF experiencing an increase of 2.0% in occupancy
over the same period in 2000. The average daily room rate for Central
Canada improved by 6.4% to $111.59 over 2000 and REVPAR was 8.6% higher
than 2000 at $63.64. Quebec hotels reported a 2.2% occupancy increase
for the first quarter of 2001 while Ontario properties experienced an
increase of 1.9%. Improvements in average daily room rates were experienced
in Quebec (7.1%) and Ontario (6.2%). Occupancy performance was led
by Toronto Airport (72.8%) while the highest average daily room rates
were achieved in Downtown Toronto at $141.49.
WESTERN CANADA
RESULTS – Overall occupancy in Western Canada properties
rose by 1.8% for the first quarter of 2001 to 56.8% over the same period
in 2000. Properties in Western Canada achieved a 5.0% increase in average
daily room rate and a 6.9% jump in REVPAR. However, hotels in Manitoba
and Saskatchewan experienced a 4.3% and 5.3% decline in occupancy respectively,
while occupancy increases were reported in Alberta (4.4%) and British
Columbia (2.7%). First quarter results showed that all Western Canada
provinces experienced increases in average daily room rate over the
first quarter of 2000. Occupancy performance was led by the Whistler
Resort Area for both occupancy (81.0%) and average daily room rate ($271.47).
Occupancy
Rate First Quarter Results
2001
vs. 2000
Average
Daily Room Rate First Quarter Results
2001
vs. 2000
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