Canadian Hotels Occupancy Drops 2.7% For Week Ending 22 September 2012

Canada’s hotel industry reported decreases in the three key performance metrics for the week of 16-22 September 2012, according to data from STR.

In year-over-year measurements, the country’s hotel occupancy fell 2.7 percent to 75.3 percent; its average daily rate declined 2.9 percent to CAD$135.29; and its revenue per available room was down 5.5 percent to CAD$101.91.

Among the provinces, Prince Edward Island reported the largest occupancy increase, rising 4.3 percent to 74.1 percent, followed by Newfoundland with a 2.8-percent increase to 89.3 percent. Ontario (-4.5 percent to 75.7 percent) and British Columbia (-4.3 percent to 72.8 percent) posted the largest occupancy decreases.

Saskatchewan rose 3.6 percent in ADR to CAD$131.15, reporting the largest increase in that metric. British Columbia reported the largest ADR decrease, falling 6.8 percent to CAD$141.32.

Alberta achieved the largest RevPAR increase, rising 4.2 percent to CAD$110.38, followed by Newfoundland with a 2.8-percent increase to CAD$130.51. British Columbia experienced the only double-digit RevPAR decrease, falling 10.8 percent to CAD$102.87.

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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