The Canadian hotel industry experienced positive results in the three key performance metrics during the week of 7-13 April 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 5.3 percent to 59.6 percent, average daily rate was up 3.8 percent to CAD$126.88 and revenue per available room increased 9.3 percent to CAD$75.67.
Among the provinces, Quebec reported the largest occupancy increase, rising 16.2 percent to 58.8 percent, followed by Nova Scotia with an 11.8-percent increase to 60.4 percent. Prince Edward Island reported the only double-digit occupancy decrease, falling 11.5 percent to 29.4 percent.
Ontario (+6.8 percent to CAD$121.84) and Quebec (+5.9 percent to CAD$129.34) posted the largest ADR increases for the week. British Columbia fell 2.4 percent in ADR to CAD$129.24, reporting the largest decrease in that metric.
Quebec jumped 23.0 percent in RevPAR to CAD$76.02, reporting the largest increase in that metric, followed by Nova Scotia (+17.6 percent to CAD$70.35) and Ontario (+13.1 percent to CAD$71.70). Prince Edward Island fell 6.4 percent in RevPAR to CAD$24.77, 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.