Monday, February 14, 2011

Thunder Bay's Hotel Occupancy Ends 2010 on a High Note.

The December 2010 hotel performance numbers are in and Thunder Bay continued to show improved performance right to the end of the year, particularly interesting given how difficult December traditionally is to fill hotel rooms when convention traffic winds down prior to the Christmas holidays and Christmas leisure traffic generally stays with friends and family.

Thunder Bay's hotel occupancy rate in December was 55.4%, up 5.2 points over the previous year and we reported the highest occupancy for the entire country. Average daily rate increased 4.6% to $95.48 and revenue per available room shot up 15.3% to $52.91. The average Canadian occupancy rate for December 2010 was 44.8%.

Year end results continue to support growth in the hotel segment, with the city posting a 70.5% occupancy rate, up 5.2 points from 2009. The City saw modest growth of 1.1% on Average daily rate, and a 9.2% increase in RevPar to $68.81. By contrast, the Canadian industry posted a 60.3% occupancy rate for the year.

This data is from PKF Consulting Trends Report. For tourism partners seeking more detailed information, please contact PKF at for their range of services to the tourism and hospitality industries.

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