Canadian Hotels Occupancy Drops 1.5% For Week Ending 15 September 2012

Canada’s hotel industry reported generally flat results in the three key performance metrics for the week of 9-15 September 2012, according to data from STR.

In year-over-year measurements, the country’s hotel occupancy fell 1.5 percent to 75.5 percent; its average daily rate rose 0.9 percent to CAD$140.44; and its revenue per available room was down 0.6 percent to CAD$106.04.

Among the provinces, Alberta reported the largest occupancy increase, rising 3.8 percent to 74.9 percent, followed by New Brunswick with a 2.4-percent increase to 69.0 percent. Quebec (-4.2 percent to 74.4 percent) and Nova Scotia (-4.1 percent to 74.9 percent) posted the largest occupancy decreases.

Saskatchewan rose 9.7 percent in ADR to CAD$138.53, reporting the largest increase in that metric. Prince Edward Island experienced the largest decrease in ADR with a 4.5-percent drop to CAD$108.82.

Saskatchewan (+9.6 percent to CAD$110.02) also reported the largest increase in RevPAR, followed by Alberta (+8.7 percent to CAD$112.35). Nova Scotia recorded a 7.8-percent RevPAR decrease to CAD$95.01—the largest of the week.

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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