Canadian Hotels Occupancy Up 20.8% to 37.8% For Week Ending 22 December 2012

The Canadian hotel industry experienced positive results in the three key performance metrics during the week of 16-22 December 2012, according to data from STR.

In year-over-year comparisons, occupancy rose 20.8 percent to 37.8 percent, average daily rate was up 0.4 percent to CAD$114.43 and revenue per available room increased 21.2 percent to CAD$43.26.

Among the provinces, Newfoundland jumped 63.6 percent in occupancy to 44.8 percent, reporting the largest increase in that metric. Saskatchewan followed with a 35.2-percent occupancy increase to 46.0 percent.

Newfoundland achieved the only double-digit ADR increase, rising 12.6 percent to CAD$118.36. British Columbia fell 7.9 percent in ADR to CAD$123.37, posting the largest decrease in that metric.

Newfoundland also experienced the largest RevPAR increase, rising 84.3 percent to CAD$52.97, followed by Saskatchewan (+43.1 percent to CAD$54.95) and Nova Scotia (+39.6 percent to CAD$30.91).

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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