Canadian hotel industry results for week ending February 9

Published on : Friday, February 15, 2013

The Canadian hotel industry experienced increases in the three key performance metrics during the week of 3-9 February 2013, according to data from STR.

In year-over-year comparisons, occupancy rose 0.5 percent to 57.0 percent, average daily rate was up 1.5 percent to CAD$126.65 and revenue per available room increased 2.1 percent to CAD$72.14.

Among the provinces, Newfoundland reported the only double-digit occupancy increase, rising 10.1 percent to 64.8 percent. Saskatchewan followed with a 6.9-percent occupancy increase to 70.7 percent.

Saskatchewan rose 7.5 percent in ADR to CAD$134.10, reporting the largest increase in that metric.

Three markets achieved double-digit RevPAR increases: Saskatchewan (+15.0 percent to CAD$94.85); Newfoundland (+14.4 percent to CAD$83.74); and Alberta (+10.2 percent to CAD$87.86).

Prince Edward Island experienced the largest decreases in all three key performance metrics. Its occupancy fell 38.0 percent to 26.2 percent, its ADR was down 5.9 percent to CAD$79.30 and its RevPAR dropped 41.7 percent to CAD$20.78.

 

Source:- Canadian Hotel Industry

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