Revenue per available room rises 2.7% to CAD$81.65
The Canadian hotel industry experienced positive results in the three key performance metrics during the week of 3-9 March 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 0.8 percent to 60.1 percent, average daily rate was up 1.9 percent to CAD$135.85 and revenue per available room increased 2.7 percent to CAD$81.65.
Among the provinces, Newfoundland (+8.0 percent to 66.8 percent) and Alberta (+7.9 percent to 68.7 percent) reported the largest occupancy increases for the week. Prince Edward Island fell 18.2 percent in occupancy to 28.3 percent, posting the largest decrease in that metric.
Prince Edward Island reported the largest ADR increase, rising 5.1 percent to CAD$80.77, followed by Alberta with a 2.9-percent increase to CAD$139.78. Saskatchewan ended the week with the largest ADR decrease, falling 1.9 percent to CAD$131.19.
Newfoundland (+11.1 percent to CAD$86.38) and Alberta (+11.0 percent to CAD$96.07) experienced the largest RevPAR increases for the week. Prince Edward Island posted the only double-digit RevPAR decrease, falling 14.0 percent to CAD$22.87.
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.