Revenue per available room increases 13.8% to CAD$49.05
The Canadian hotel industry experienced positive results in the three key performance metrics during the week of 30 December 2012-5 January 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 3.9 percent to 38.5 percent, average daily rate was up 9.5 percent to CAD$127.35 and revenue per available room increased 13.8 percent to CAD$49.05.
Among the provinces, Nova Scotia jumped 15.8 percent in occupancy to 33.0 percent, posting the largest increase in that metric, followed by British Columbia with a 12.9-percent increase to 38.7 percent. Manitoba fell 8.9 percent in occupancy to 33.7 percent, posting the largest decrease in that metric.
Three provinces experienced double-digit ADR decreases: British Columbia (+15.1 percent to CAD$158.33); Newfoundland (+13.8 percent to CAD$132.01); and Ontario (+11.7 percent to CAD$114.42).
Three provinces achieved RevPAR increases of more than 20 percent: British Columbia (+30.0 percent to CAD$61.28); Nova Scotia (+25.7 percent to CAD$36.31); and Newfoundland (+21.2 percent to CAD$45.77). Manitoba posted the largest RevPAR decrease, falling 6.6 percent to CAD$36.23.
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