Canadian Hotels Occupancy Up 5.8% For Week Ending 1 September 2012

Canada’s hotel industry reported positive results in the three key performance metrics for the week of 26 August-1 September 2012, according to data from STR.

In year-over-year measurements, the country’s hotel occupancy increased 5.8 percent to 72.9 percent, its average daily rate rose 2.3 percent to CAD$129.08 and its revenue per available room was up 8.3 percent to CAD$94.11.

Among the provinces, Prince Edward Island rose 14.8 percent in occupancy to 70.5 percent. Alberta followed with an 11.3-percent occupancy increase to 71.9 percent. Manitoba fell 7.0 percent in occupancy to 63.4 percent, posting the largest decrease in that metric.

Nova Scotia (+4.9 percent to CAD$126.19), Quebec (+4.7 percent to CAD$140.23) and Saskatchewan (+4.2 percent to CAD$125.82) reported the largest ADR increases for the week. None of the provinces reported an ADR decrease.

Prince Edward Island reported a 15.6-percent gain in RevPAR to CAD$80.84, followed by Alberta (+14.8 percent to CAD$101.22) and Nova Scotia (+14.5 percent to CAD$103.63). Manitoba fell 7.0 percent in RevPAR to CAD$69.74, posting the largest decrease in that metric.

About STR

STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC and HotelNewsNow.com. For more information, please visit www.str.com.

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