March Hotel Performance

HVS, part of the Smith Travel Research group, has released its March Canadian lodging performance statistics for the Thunder Bay area. The month showed encouraging local performance in both the occupancy rates and revenue per room. March occupancy rates averaged 63.3%, posting an 11.13% gain over March 2008. Revenue per Room (REVPAR) posted gains of 14.65%, finishing the month off at an average revenue per room rate of $59.00

Strong corporate and spring break regional family traffic is being credited for the strong month, a remarkable achievement considering the lacklustre performance of other juristictionsin in both Canada and the U.S.

Full national lodging performance can be found at: http://hvs.com/Library/Articles/?region=1