All the numbers are in for the first half of the year, and the winners are:

• Calgary, 
• Edmonton, 
• Alberta North, and 
• Downtown Vancouver. 

Calgary�s occupancy was 71.9% with an average room rate of $127.06. Year to date RevPAR was $91.36 as compared to $73.89 last year, an increase of 23.6%.  Demand in Calgary was also up 10.2%, with no growth in supply.

Edmonton reported year to date occupancy at 70.3% at a $104.03 average room rate.  RevPAR was $73.13 compared to $61.86 over the same period last year, an increase of 18.2%. Demand was up 13.1% with a 2.4% increase in supply.

Downtown Vancouver�s occupancy was 71.4% with an average room rate of $152.80. Year to date RevPAR was $109.10 as compared to $94.43 last year, an increase of 15.5%. Demand in Downtown Vancouver was up 8.1%, with no growth in supply.

In terms of average room rate, Downtown Toronto has the highest at $165.39 an increase of 5.9% over the same period in 2005. Downtown Montreal reported an average room rate of $158.99, an increase of 5.2% over the same period in the prior year. Downtown Vancouver came in third with an average rate of $152.80, an increase of 6.8% over the first six months in 2005.

RevPAR growth for Downtown Montreal was 13% in the first six months as compared to the same period last year.  Demand in Downtown Montreal increased 7.7% and supply increased 0.1%.

Downtown Toronto experienced a RevPAR growth of 7.4%, demand increased by 5.5% and supply increase by 4.1%.

RevPAR growth for all of Canada with 167,000 rooms participating was 7.5% for the first half of the year in comparison to the same period in 2005. Demand increased by 3.4% and there was a 1.5% increase in supply.

Also

I am pleased to announce that Carrie Russell, AACI, RIBC has become shareholder in MM&R Valuation Services, Inc dba: HVS International - Canada. Carrie is now a partner with myself and Steve Rushmore. Congratulations Carrie!

HVS Canada has grown by two people in the last year. Brandon Royal is an Associate with HVS in the Vancouver office, and has just become a candidate with the Appraisal Institute of Canada. Brandon has his undergraduate degree from the University of British Columbia
with a concentration in architecture, and a master's degree in Hotel Administration from Ecole Hoteliere de Lausanne, Switzerland. 

Paul Varteressian joined HVS as a Consultant and Valuation Analyst. Paul is a graduate of Cornell University's School of Hotel Administration. Paul is from Oakville, Ontario and was a varsity hockey player at Cornell. 

At long last, we are excited to announce that our Vancouver office is moving at the end of August. We will hold an open house later in the year. Our new address will be 145 W 17th Street, Suite 400, North Vancouver, BC. Canada V7M 3G4. Our phone and fax numbers will remain the same 604-988-9743, and fax 604-988-4625.