Canada Results for Week Ending February 11th

2012-02-16

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Smith Travel Research In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 2.0-percent increase to 56.8 percent, its average daily rate rose 2.2 percent to CAD$124.43 and its revenue per available room was up 4.3 percent to CAD$70.62.

The Canadian hotel industry reported positive results in the three key performance metrics for the week of 5-11 February 2012, according to data from STR.

In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 2.0-percent increase to 56.8 percent, its average daily rate rose 2.2 percent to CAD$124.43 and its revenue per available room was up 4.3 percent to CAD$70.62.

Among the provinces, Manitoba rose 10.9 percent in occupancy to 65.0 percent, posting the only double-digit increase in that metric. Prince Edward Island reported the largest occupancy decrease, falling 7.3 percent to 42.3 percent, followed by New Brunswick with a 5.1-percent decrease to 49.4 percent.

British Columbia (+7.5 percent to CAD$127.69) and Manitoba (+3.9 percent to CAD$116.16) experienced the largest ADR increases.

Nova Scotia ended the week with the largest decreases in ADR (-8.6 percent to CAD$107.19) and RevPAR (-12.6 percent to CAD$56.33).

Two provinces achieved double-digit RevPAR increases: Manitoba (+15.2 percent to CAD$75.51) and British Columbia (+11.9 percent to CAD$66.73).

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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.