Canadian Hotels Occupancy Up 3.1% to 59.2% For Week Ending 2 March 2013
Revenue per available room rises 4.7% to CAD$75.85
The Canadian hotel industry experienced positive results in the three key performance metrics during the week of 24 February-2 March 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 3.1 percent to 59.2 percent, average daily rate was up 1.5 percent to CAD$128.06 and revenue per available room increased 4.7 percent to CAD$75.85.
Among the provinces, Newfoundland reported the only double-digit occupancy increase, rising 16.9 percent to 72.7 percent. Prince Edward Island fell 24.3 percent in occupancy to 33.4 percent, posting the largest decrease in that metric.
Saskatchewan rose 4.0 percent in ADR to CAD$131.35, reporting the largest increase in that metric. Alberta followed with a 3.4-percent increase to CAD$139.48. Quebec fell 0.8 percent in ADR to CAD$124.25, posting the only decrease in that metric.
Newfoundland jumped 19.9 percent in RevPAR to CAD$95.24, achieving the only double-digit RevPAR growth for the week. Prince Edward Island reported the largest RevPAR decrease, falling 23.4 percent to CAD$28.19.
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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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