The Canadian hotel industry reported positive results in the three key performance metrics during the week of 11-17 August 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 3.2 percent to 80.6 percent, average daily rate was up 2.1 percent to CAD$137.77 and revenue per available room increased 5.3 percent to CAD$111.08.
Among the provinces, Saskatchewan reported the largest occupancy increase, rising 7.1 percent to 75.2 percent. British Columbia followed with a 6.5-percent increase in occupancy to 87.3 percent.
Newfoundland (+7.4 percent to CAD$155.78) and Saskatchewan (+7.4 percent to CAD$133.25) achieved the largest ADR increases for the week.
Three provinces experienced RevPAR growth of more than 10 percent: Saskatchewan (+15.0 percent to CAD$100.23); Newfoundland (+11.4 percent to CAD$147.08); and British Columbia (+10.9 percent to CAD$134.96).
Nova Scotia reported the largest decrease in all three key performance metrics. Its occupancy fell 2.4 percent to 80.4 percent, its ADR dropped 3.2 percent to CAD$123.47 and its RevPAR decreased 5.6 percent to CAD$99.22.
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.