Canadian Hotels Occupancy Up 0.5% to 57.0% For Week Ending 9 February 2013

The Canadian hotel industry experienced increases in the three key performance metrics during the week of 3-9 February 2013, according to data from STR.

In year-over-year comparisons, occupancy rose 0.5 percent to 57.0 percent, average daily rate was up 1.5 percent to CAD$126.65 and revenue per available room increased 2.1 percent to CAD$72.14.

Among the provinces, Newfoundland reported the only double-digit occupancy increase, rising 10.1 percent to 64.8 percent. Saskatchewan followed with a 6.9-percent occupancy increase to 70.7 percent.

Saskatchewan rose 7.5 percent in ADR to CAD$134.10, reporting the largest increase in that metric.

Three markets achieved double-digit RevPAR increases: Saskatchewan (+15.0 percent to CAD$94.85); Newfoundland (+14.4 percent to CAD$83.74); and Alberta (+10.2 percent to CAD$87.86).

Prince Edward Island experienced the largest decreases in all three key performance metrics. Its occupancy fell 38.0 percent to 26.2 percent, its ADR was down 5.9 percent to CAD$79.30 and its RevPAR dropped 41.7 percent to CAD$20.78.

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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