Canadian Hotels Occupancy Drops 6.3% to 45.3% For Week Ending 12 January 2013

The Canadian hotel industry experienced mostly negative results in the three key performance metrics during the week of 6-12 January 2013, according to data from STR.

In year-over-year comparisons, occupancy fell 6.3 percent to 45.3 percent, average daily rate rose 0.3 percent to CAD$120.05 and revenue per available room decreased 6.0 percent to CAD$54.41.

Among the provinces, Saskatchewan rose 1.7 percent in occupancy to 62.1 percent, reporting the largest increase in that metric. Manitoba fell 17.3 percent in occupancy to 44.4 percent, posting the largest decrease in that metric, followed by Prince Edward Island with a 15.7-percent decrease to 33.6 percent.

Prince Edward Island, however, reported the largest ADR increase, rising 4.9 percent to CAD$87.09. Ontario (-0.5 percent to CAD$114.78) and Quebec (-0.5 percent to CAD$123.03) both reported slight ADR decreases for the week.

Saskatchewan (+3.3 percent to CAD$80.58) and Alberta (+1.8 percent to CAD$66.87) reported the only RevPAR increases for the week. Manitoba posted the largest RevPAR decrease, falling 17.6 percent to CAD$49.26.

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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