Canadian Hotels Occupancy Drops 1.8% For Week Ending 8 September 2012
Revenue per available room down also 0.6% to CAD$86.33
Canada’s hotel industry reported mixed results in the three key performance metrics for the week of 2-8 September 2012, according to data from STR.
In year-over-year measurements, the country’s hotel occupancy fell 1.8 percent to 64.8 percent; its average daily rate rose 1.2 percent to CAD$133.21; and its revenue per available room was down 0.6 percent to CAD$86.33.
Among the provinces, Prince Edward Island rose 7.6 percent in occupancy to 60.0 percent, recording the largest increase in that metric. Alberta followed with a 2.8-percent increase to 66.1 percent. Quebec reported the largest occupancy decrease, falling 6.3 percent to 61.4 percent, followed by Manitoba with a 4.9-percent decrease to 58.1 percent.
Saskatchewan ended the week with the largest ADR increase, up 6.5 percent to CAD$130.21, followed by Newfoundland with a 4.7-percent increase to CAD$147.80. New Brunswick experienced the largest ADR decrease, decreasing 2.3 percent to CAD$110.64.
Four provinces achieved RevPAR increases of more than 5 percent: Prince Edward Island (+9.3 percent to CAD$64.71); Saskatchewan (+7.5 percent to CAD$86.33); Alberta (+5.6 percent to CAD$94.65); and Newfoundland (+5.3 percent to CAD$126.39). Quebec (-4.0 percent to CAD$82.98) and Manitoba (-3.9 percent to CAD$64.35) ended the week with the largest RevPAR decreases.
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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