Revenue per available room up 0.8% to CADS72.47.
The Canadian hotel industry reported mixed results in the three key performance metrics for the week of 19-25 February 2012, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 1.1-percent decrease to 58.7 percent, its average daily rate rose 1.9 percent to CAD$123.44 and its revenue per available room was up 0.8 percent to CAD$72.47.
Among the provinces, Saskatchewan rose 10.9 percent in occupancy to 62.9 percent, reporting the largest increase in that metric. Two markets experienced double-digit occupancy decreases: Prince Edward Island (-21.5 percent to 39.2 percent) and Nova Scotia (-13.9 percent to 55.6 percent).
British Columbia posted the largest ADR increase, rising 9.4 percent to CAD$130.54, followed by Newfoundland with a 3.9-percent increase to CAD$126.07. Nova Scotia fell 11.2 percent in ADR to CAD$107.95, reporting the largest decrease in that metric.
Saskatchewan achieved the largest RevPAR increase, rising 12.3 percent to CAD$81.27, followed by British Columbia (+8.8 percent to CAD$71.27) and Newfoundland (+8.3 percent to CAD$77.77). Prince Edward Island (-27.0 percent to CAD$32.01) and Nova Scotia (-23.6 percent to CAD$59.98) ended the week with the largest RevPAR decreases.
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 mixed results in the three key performance metrics for the week of 19-25 February 2012, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 1.1-percent decrease to 58.7 percent, its average daily rate rose 1.9 percent to CAD$123.44 and its revenue per available room was up 0.8 percent to CAD$72.47.
Among the provinces, Saskatchewan rose 10.9 percent in occupancy to 62.9 percent, reporting the largest increase in that metric. Two markets experienced double-digit occupancy decreases: Prince Edward Island (-21.5 percent to 39.2 percent) and Nova Scotia (-13.9 percent to 55.6 percent).
British Columbia posted the largest ADR increase, rising 9.4 percent to CAD$130.54, followed by Newfoundland with a 3.9-percent increase to CAD$126.07. Nova Scotia fell 11.2 percent in ADR to CAD$107.95, reporting the largest decrease in that metric.
Saskatchewan achieved the largest RevPAR increase, rising 12.3 percent to CAD$81.27, followed by British Columbia (+8.8 percent to CAD$71.27) and Newfoundland (+8.3 percent to CAD$77.77). Prince Edward Island (-27.0 percent to CAD$32.01) and Nova Scotia (-23.6 percent to CAD$59.98) ended the week with the largest RevPAR decreases.
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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