Canadian Hotels Occupancy Flat For Week Ending 13 October 2012
Revenue per available room down 0.6% to CAD$79.69
Canada’s hotel industry reported little movement in the three key performance metrics for the week of 7-13 October 2012, according to data from STR.
In year-over-year measurements, the country’s hotel occupancy ended the week virtually flat with a 0.1-percent decrease to 62.9 percent; it’s average daily rate ticked up by 0.7 percent to CAD$126.66; and its revenue per available room experienced a 0.6-percent increase to CAD$79.69.
Prince Edward Island recorded the largest increases in occupancy and RevPAR among the country’s provinces. Occupancy for the week increased 18.9 percent to 60.3 percent, while RevPAR rose 20.2 percent to CAD$54.43.
Alberta achieved the largest gain in ADR, rising 5.0 percent to CAD$135.02.
Quebec experienced the largest decreases in all three performance metrics for the week. The province’s occupancy fell 6.2 percent to 68.6 percent; its ADR declined 2.1 percent to CAD$143.79; and its RevPAR dropped 8.2 percent to CAD$98.62.
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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