NATIONALLY, hotels tracked by PKF
experienced a 1.4% decrease in occupancy for year to date
2002 from the same period in 2001. The average daily room
rate, however increased by 0.8% to $117.35, which resulted
in a Revenue Per Available Room (REVPAR) of $75.49, a 0.6%
decrease from year to date 2001.
ATLANTIC CANADA RESULTS - The Atlantic
provinces experienced a 1.0% overall increase in occupancy
and a 4.7% improvement in average daily room rate, which
resulted in a 5.7% increase in REVPAR. Increases in occupancy
were experienced by New Brunswick (3.5%) and Nova Scotia
(0.5%) compared with the year to date figures from 2001.
Average daily rates increased in all Atlantic provinces,
most notably in Newfoundland, which reported a 6.7% increase
from year to date 2001.
CENTRAL CANADA RESULTS - Year to
date results for Central Canada showed hotels tracked by
PKF reporting a decrease of 2.6% in occupancy over the
same period in 2001. The average daily room rate for Central
Canada made an improvement of 1.0% to $122.45 over 2001.
REVPAR in Central Canada decreased 1.6% over year to date
last year. Ontario hotels experienced a 3.3% decline in
occupancy for year to date 2002 while Quebec properties
reported only a slight decrease of 0.4%. Average daily
room rates increased in Quebec (4.0%), however Ontario
reported a 0.2% decline. Occupancy performance was led
by Montreal Airport (71.3%) while the highest average daily
room rates were achieved in Downtown Toronto at $162.07.
WESTERN CANADA RESULTS - Overall
occupancy in Western Canada properties decreased by 0.3%
for year to date 2002. Properties in Western Canada reported
a 0.2% increase in average daily room rate however; lower
occupancy percentages produced a 0.2% decrease in REVPAR.
Most Western Canada Provinces experienced increases in
occupancy with Manitoba (3.9%) and Alberta (1.8%) reporting
the more significant improvements. Year to date results
showed that Saskatchewan (3.9%), British Columbia (1.1%)
and Manitoba (0.1%) all experienced increases in average
daily room rate over the year to date figures from 2001.
West Edmonton led occupancy performance (83.3%) while the
highest average daily room rates were achieved in the Alberta
Resorts at $213.29.
Occupancy Rate Third Quarter Results
2002 vs. 2001
Average Daily Room Rate Third Quarter
Results
2002 vs. 2001
