Canadian Hotels Occupancy Rose 3.9% to 38.5% For Week Ending 5 January 2013

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.

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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