Canada Results for Week Ending January 21st
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 1.3-percent decrease to 48.5 percent, its average daily rate rose 1.5 percent to CAD$119.36 and its revenue per available room ended the week virtually flat with a 0.2-percent increase to CAD$57.90.
The Canadian hotel industry reported positive results in the three key performance metrics for the week of 15-21 January 2012, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 2.8-percent increase to 53.7 percent, its average daily rate rose 1.9 percent to CAD$122.51 and its revenue per available room was up 4.8 percent to CAD$65.73.
Among the provinces, New Brunswick achieved the largest occupancy increase, rising 23.6 percent to 51.8 percent. Prince Edward Island was the only province to report an occupancy decrease, falling 4.6 percent to 33.2 percent.
Prince Edward Island rose 7.9 percent in ADR to CAD$78.16, posting the largest increase in that metric, followed by British Columbia with a 4.9-percent increase to CAD$126.48.
New Brunswick jumped 26.6 percent in RevPAR to CAD$57.59, reporting the largest increase in that metric, followed by British Columbia with a 9.6-percent increase to CAD$63.27.
About STR
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.
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