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National Market Report

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2001 National Market Report

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December 2001

In December 2001, PKF's national hotel sample achieved a 42.8% occupancy level, a 3.3% decrease from December 2000. Occupancy declines were experienced in most provinces, with the most significant decreases reported in Prince Edward Island (9.1%), Ontario (7.1%), and Nova Scotia (6.8%).
The national average daily room rate for hotels tracked by PKF was $104.71 in December 2001, a 1.4% increase compared with the same month last year. Quebec (8.3%), New Brunswick (7.9%), and Saskatchewan (7.2%) reported the most significant room rate increases for December 2001.
Revenues per available room for PKF's sample decreased by 1.9% in December 2001 to $44.81, compared with $45.69 for December 2000.

November 2001

In November 2001, PKF's national hotel sample experienced a decrease of 7.0% in occupancy to 55.5% over November 2000. Provincial occupancy increases occurred in Prince Edward Island (2.1%), and the Yukon (27.7%).
The November 2001 average daily room rate for hotels tracked by PKF was up 1.2% from November 2000 to $102.51. The most significant provincial average daily room rate increases were experienced in New Brunswick (8.4%), Quebec (5.3%) and Prince Edward Island (5.7%).
Revenues per available room for PKF's sample experienced a decrease of 5.9% to $56.91 in November 2001 compared with November 2000.

October 2001

In October 2001, PKF’s national hotel sample achieved a 61.5% occupancy level, a 9.1% decrease from October 2000. Occupancy declines were experienced in most provinces, with the most significant decreases reported in Quebec (13.0%), Ontario (10.6%) and British Columbia (9.9%).
The national average daily room rate for hotels tracked by PKF was $110.18 in October 2001, a 0.3% increase compared with the same month last year. Nova Scotia (8.7%) and Saskatchewan (3.6%) reported the most significant room rate increases for October 2001.
Revenues per available room for PKF’s sample decreased by 8.9% in October 2001 to $67.79, compared with $74.39 for October 2000.

September 2001

Substantial occupancy declines in most markets tracked by PKF were reported for September 2001 following the horrific terrorist attacks on the US on September 11, 2001.
In September 2001, PKF's national hotel sample achieved a 67.1% occupancy level, a 14.9% decrease from September 2000. Occupancy declines were experienced in most provinces, with the most significant decreases reported in Prince Edward Island (-19.8%), Ontario (-18.3%) and Quebec (-16.5%).
The national average daily room rate for hotels tracked by PKF was $117.31 in September 2001, a 2.3% drop compared with the same month last year. However, Newfoundland (7.4%), Nova Scotia (4.8%) and New Brunswick (4.6%) reported rate increases for September 2001.
Revenues per available room for PKF's sample decreased by 16.8% in September 2001 to $78.72, compared with $94.62 for September 2000.

August 2001

In August 2001, PKF's national hotel sample achieved a 79.2% occupancy level, a 0.9% decrease from August 2000. Occupancy decreases were experienced in most provinces however, increases in occupancy were experienced in Alberta (7.3%) and British Columbia (2.8%). The increase in occupancy in Alberta is due in most part to the 8th IAAF World Championship in Athletics which took place in Edmonton from August 3 to August 12, 2001.
The national average daily room rate for hotels tracked by PKF was $127.97 in August 2001, a 4.3% increase compared with the same month last year. Alberta (13.3%), Saskatchewan (6.9%) and Quebec (6.8%) reported the greatest rate increases for August 2001.
Revenues per available room for PKF's sample increased by 3.3% in August 2001 to $101.31, compared with August 2000.

July 2001

In July 2001, PKF's national hotel sample achieved a 74.4% occupancy level, a 2.8% decrease from July 2000. Provincial occupancy increases were experienced in Alberta (2.2%), Newfoundland (1.6%) and British Columbia and Manitoba (1.0%).
The national average daily room rate for hotels tracked by PKF was $127.58 in July 2001, a 3.5% increase compared with the same month last year. Newfoundland (7.3%), Quebec (6.3%) and Alberta (4.9%) reported the greatest rate increases for July 2001.
Revenues per available room for PKF's sample increased by 0.7% in July 2001 to $94.94, compared with July 2000.

June 2001

In June 2001, PKF's national hotel sample achieved a 72.6% occupancy level, a 3.0% decrease from June 2000. The most significant provincial occupancy increase was experienced in Newfoundland (7.2%).
The national average daily room rate for hotels tracked by PKF was $124.65 in June 2001, a 4.1% increase compared with the same month last year. Quebec (10.1%) and Nova Scotia (7.4%) reported the greatest rate increases for June 2001.
Revenues per available room for PKF's sample increased by 1.0% in June 2001 to $90.51, compared with June 2000.

May 2001

In May 2001, PKF's national hotel sample experienced a decrease of 3.7% in occupancy to 65.8% over May 2000. Provincial occupancy increases occurred in Manitoba (1.9%), Newfoundland (1.8) and Alberta (1.2%).
The May 2001 average daily room rate for hotels tracked by PKF was up 3.3% from May 2000 to $114.51. The most significant provincial average daily room rate increases were experienced in Quebec (7.2%), New Brunswick (6.5%) and Newfoundland (6.2%).
Revenue per available room for PKF's sample experienced a small decrease of 0.4% to $75.36 in May 2001 compared with May 2000.

April 2001

In April 2001, PKF's national hotel sample experienced a small decrease of 0.6% in occupancy to 60.6% over April 2000. The most significant provincial occupancy increases occurred in Yukon (8.5%), Alberta (4.5%) and Nova Scotia (4.3%).
The April 2001 average daily room rate for hotels tracked by PKF was up 4.9% from April 2000 to $106.60. The most significant provincial average daily room rate increases were experienced in Quebec (12.9%), Newfoundland (7.6%) and New Brunswick (6.5%).
Revenue per available room for PKF's sample increased by 4.3% to $64.64 in April 2001 compared with April 2000.

March 2001

In March 2001, PKF’s national hotel sample experienced a 1.8% increase in occupancy to 62.3% over March 2000. The most significant provincial occupancy increases occurred in Prince Edward Island (8.2%), Quebec (4.7%) and Alberta (4.3%).
The March 2001 average daily room rate for hotels tracked by PKF was up 5.8% from March 2000 to $107.80. The most significant provincial average daily room rate increases were experienced in Quebec (8.9%), New Brunswick (7.7%) and Newfoundland (7.3).
Revenue per available room for PKF’s sample increased by 7.7% to $67.15 in March 2001 compared with March 2000.

January / February 2001

Nationally, hotels tracked by PKF experienced a 3.8% increase in occupancy in January 2001 over January 2000. However, January 2000 occupancies were down by 4.5% over the same month in 1999 due, in part, to travellers opting not to travel because of potential Y2K problems. Although February 2001 occupancies decreased by 0.2%, the year-to-date February 2001 occupancies were up 1.4% to 53.4% and the year-to-date REVPAR is still ahead by a healthy 7.1% to $57.27 over the same period in February 2000.
In January 2001, the national average daily room rate for hotels tracked by PKF was up 5.9% from January 2000 to $106.10. The February 2001 results increased by 5.6% to $108.54 over February 2000.
Revenue per available room for PKF’s sample increased by 9.9% in January 2001 to $51.84, while February 2001 experienced an increase of 5.5% to $63.44 compared with February 2000.