Revenue per available room increases 1.4% to CAD$74.33
The Canadian hotel industry experienced positive results in the three key performance metrics during the week of 10-16 February 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 0.2 percent to 58.5 percent, average daily rate was up 1.1 percent to CAD$127.02 and revenue per available room increased 1.4 percent to CAD$74.33.
Among the provinces, Newfoundland reported the only double-digit occupancy increase, rising 19.7 percent to 65.9 percent. Prince Edward Island (-10.3 percent to 41.7 percent) and Manitoba (-9.3 percent to 65.1 percent) posted the largest occupancy decreases for the week.
Prince Edward Island achieved the largest ADR increase, rising 8.2 percent to CAD$92.32, followed by Saskatchewan (+5.7 percent to CAD$134.12) and Newfoundland (+3.8 percent to CAD$129.02).
Newfoundland jumped 24.2 percent in RevPAR to CAD$85.09, reporting the largest increase in that metric, followed by Saskatchewan with a 9.6-percent increase to CAD$93.47. Manitoba fell 10.0 percent in RevPAR to CAD$74.79, experiencing the largest decrease in that metric.
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.
Logos, product and company names mentioned are the property of their respective owners.