Canadian Hotels Occupancy Falls 14.4% to 36.9% For Week Ending 29 December 2012

The Canadian hotel industry experienced negative results in the three key performance metrics during the week of 23-29 December 2012, according to data from STR.

In year-over-year comparisons, occupancy fell 14.4 percent to 36.9 percent, average daily rate was down 2.8 percent to CAD$126.76 and revenue per available room decreased 16.8 percent to CAD$46.73.

Among the provinces, four reported occupancy decreases of more than 20 percent: Newfoundland (-30.7 percent to 19.9 percent); Manitoba (-25.5 percent to 28.4 percent); Nova Scotia (-25.5 percent to 22.6 percent); and New Brunswick (-20.7 percent to 23.8 percent).

Alberta (+3.9 percent to CAD$148.05) and British Columbia (+1.8 percent to CAD$165.30) reported the only ADR increases for the week. Ontario fell 10.9 percent in ADR to CAD$101.07, posting the only double-digit decrease in that metric.

Newfoundland fell 36.8 percent in RevPAR to CAD$23.49, posting the largest decrease in that metric, followed by Nova Scotia with a 32.1-percent decrease to CAD$22.31.

None of the provinces reported occupancy or RevPAR increases for the week.

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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