The Canadian hotel industry reported increases in the three key performance metrics during the week of 15-21 December 2013, according to data from STR.
In year-over-year comparisons, occupancy increased 11.9 percent to 42.1 percent; average daily rate was up 3.0 percent to CAD$119.04; and revenue per available room increased 15.2 percent to CAD$50.13.
Among the provinces, Nova Scotia (+20.0 percent to 35.8 percent) and Alberta (+19.5 percent to 50.9 percent) reported the highest occupancy growth. Prince Edward Island (-9.8 percent to 20.6 percent) reported the largest occupancy decrease.
All provinces except British Columbia (-0.2 percent to CAD$123.52) experienced ADR growth. The largest gain was reported by Prince Edward Island, where rate increased 5.9 percent to CAD$78.32.
Alberta and Nova Scotia reported the largest RevPAR increases, up 24.2 percent to CAD$67.80 and up 24.0 percent to CAD$38.47, respectively. The only RevPAR decline was experienced by Prince Edward Island, down 4.5 percent to CAD$16.13.
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.