Canadian Hotels Occupancy Up 3.7% For Week Ending 29 September 2012

Canada’s hotel industry reported increases in the three key performance metrics for the week of 23-29 September 2012, according to data from STR.

In year-over-year measurements, the country’s hotel occupancy rose 3.7 percent to 74.7 percent; its average daily rate increased 3.2 percent to CAD$134.57; and its revenue per available room was up 7.0 percent to CAD$100.48.

Among the provinces, Saskatchewan reported the largest occupancy increase, up 5.8 percent to 79.5 percent, followed by Alberta (+5.5 percent to 75.6 percent) and British Columbia (+5.3 percent to 70.7 percent). Manitoba posted the largest occupancy decrease, falling 2.9 percent to 74.4 percent followed by Newfoundland with a 2.5-percent decrease to 89.7 percent.

Saskatchewan (+5.5 percent to CAD$131.58) and Alberta (+4.8 percent to US$142.79) experienced the largest ADR increases for the week.

Two provinces achieved double-digit RevPAR increases: Saskatchewan (+11.5 percent to CAD$104.62) and Alberta (+10.6 percent to CAD$107.99). Manitoba fell 2.0 percent in RevPAR to CAD$85.83, reporting 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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