Canadian Hotels Occupancy Increases 1% to 70.9% For Week Ending 20 October 2012
Revenue per available room increases 3.5% to CAD$93.31
Canada’s hotel industry reported increases in the three key performance metrics for the week of 14-20 October 2012, according to data from STR.
In year-over-year measurements, the country’s hotel occupancy ended the week with a 1.0-percent increase to 70.9 percent; it’s average daily rate rose by 2.5 percent to CAD$131.53; and its revenue per available room experienced a 3.5-percent increase to CAD$93.31.
Among the provinces, Newfoundland reported the only double-digit occupancy increase, rising 11.3 percent to 84.7 percent. Manitoba fell 4.9 percent in occupancy, posting the largest decrease in that metric, followed by Prince Edward Island with a 3.3-percent decrease to 45.8 percent.
British Columbia (+6.0 percent to CAD$131.18) and Newfoundland (+6.0 percent to CAD$141.66) achieved the largest ADR increases for the week. None of the provinces reported ADR decreases for the week.
Two provinces experienced double-digit RevPAR increases: Newfoundland (+18.0 percent to CAD$119.92) and British Columbia (+11.1 percent to CAD$83.76). Manitoba fell 4.3 percent in RevPAR to CAD$88.60, posting the largest decrease in that metric.
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