Canadian Hotels Occupancy Up 2.1% to 59.9% For Week Ending 23 February 2013

The Canadian hotel industry experienced positive results in the three key performance metrics during the week of 17-23 February 2013, according to data from STR.

In year-over-year comparisons, occupancy rose 2.1 percent to 59.9 percent, average daily rate was up 2.0 percent to CAD$126.33 and revenue per available room increased 4.1 percent to CAD$75.63.

Among the provinces, Newfoundland reported the largest occupancy increase, rising 10.5 percent to 68.2 percent. Prince Edward Island fell 6.9 percent to 36.5 percent, posting the largest decrease in that metric. New Brunswick followed with a 6.3-percent decrease in occupancy to 49.5 percent.

Prince Edward Island rose 7.5 percent in ADR to CAD$87.90, achieving the largest increase in that metric. Saskatchewan followed with a 4.5-percent increase to CAD$127.65. New Brunswick fell 1.9 percent in ADR to CAD$109.69, reporting the largest decrease in that metric.

Newfoundland reported the largest RevPAR increase, rising 11.7 percent to US$86.83, followed by Alberta (+8.0 percent to CAD$91.82) and Ontario (+6.3 percent to CAD$69.86). New Brunswick posted the largest RevPAR decrease, falling 8.0 percent to CAD$54.25.

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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