Revenue per available room up 1.7% to CAD$72.73
The Canadian hotel industry reported positive results in the three key performance metrics for the week of 12-18 February 2012, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week virtually flat with a 0.1-percent increase to 58.4 percent, its average daily rate rose 1.7 percent to CAD$124.61 and its revenue per available room was up 1.7 percent to CAD$72.73.
Among the provinces, Manitoba rose 7.9 percent to 71.9 percent, reporting the largest increase in that metric, followed by Saskatchewan with a 4.9-percent increase to 68.1 percent.
Nova Scotia reported the largest decrease in all three key performance metrics. Its occupancy was down 16.5 percent to 51.3 percent, its ADR fell 12.3 percent to CAD$108.60, and its RevPAR decreased 26.8 percent to CAD$55.75.
British Columbia (+7.6 percent to CAD$132.80) and Newfoundland (+3.6 percent to CAD$124.35) experienced the largest ADR increases.
Two provinces achieved double-digit RevPAR increases for the week: Manitoba (+11.6 percent to CAD$83.57) and British Columbia (+10.2 percent to CAD$74.67).
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.
Logos, product and company names mentioned are the property of their respective owners.
The Canadian hotel industry reported positive results in the three key performance metrics for the week of 12-18 February 2012, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week virtually flat with a 0.1-percent increase to 58.4 percent, its average daily rate rose 1.7 percent to CAD$124.61 and its revenue per available room was up 1.7 percent to CAD$72.73.
Among the provinces, Manitoba rose 7.9 percent to 71.9 percent, reporting the largest increase in that metric, followed by Saskatchewan with a 4.9-percent increase to 68.1 percent.
Nova Scotia reported the largest decrease in all three key performance metrics. Its occupancy was down 16.5 percent to 51.3 percent, its ADR fell 12.3 percent to CAD$108.60, and its RevPAR decreased 26.8 percent to CAD$55.75.
British Columbia (+7.6 percent to CAD$132.80) and Newfoundland (+3.6 percent to CAD$124.35) experienced the largest ADR increases.
Two provinces achieved double-digit RevPAR increases for the week: Manitoba (+11.6 percent to CAD$83.57) and British Columbia (+10.2 percent to CAD$74.67).
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.
Logos, product and company names mentioned are the property of their respective owners.
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