The Canadian hotel industry reported positive results in the three key performance metrics during the week of 25-31 August 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 4.4 percent to 76.1 percent, average daily rate was up 4.0 percent to CAD$135.09, and revenue per available room increased 8.6 percent to CAD$102.78.
Among the provinces, Prince Edward Island reported the largest occupancy increase, rising 12.6 percent to 78.8 percent. Newfoundland followed with a 10.5-percent increase to 90.3 percent. Manitoba fell 4.3 percent in occupancy to 60.7 percent, posting the largest decrease in that metric.
Newfoundland rose 8.9 percent in ADR to CAD$151.76, achieving the largest increase in that metric, followed by British Columbia with a 6.2-percent increase to CAD$149.43. New Brunswick reported the largest ADR decrease, falling 2.3 percent to CAD$114.64.
Newfoundland (+20.4 percent to CAD$137.03) and Prince Edward Island (+18.5 percent to CAD$102.53) experienced the largest RevPAR increases for the week. Manitoba fell 4.0 percent in RevPAR to CAD$66.98, reporting 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.