Canada Results for Week Ending June 16th
In year-over-year measurements, the country’s occupancy ended the week flat at 71.3 percent, its average daily rate was up 2.2 percent to CAD$139.08 and its revenue per available room reported a 2.2-percent increase to CAD$99.21.
Canada’s hotel industry reported mostly positive results in the three key performance metrics for the week of 10-16 June 2012, according to data from STR.
In year-over-year measurements, the country’s occupancy ended the week flat at 71.3 percent, its average daily rate was up 2.2 percent to CAD$139.08 and its revenue per available room reported a 2.2-percent increase to CAD$99.21.
Among the provinces, Alberta reported the largest increase in all three key performance metrics. Its occupancy rose 6.7 percent to 71.8 percent, its ADR was up 13.5 percent to CAD$163.71 and its RevPAR increased 21.1 percent to CAD$117.58.
Prince Edward Island fell 24.5 percent in occupancy to 41.2 percent, reporting the largest decrease in that metric. The province also ended the week with the largest ADR decrease, falling 5.3 percent to CAD$101.32.
Prince Edward Island (-28.4 percent to CAD$41.73) and British Columbia (-10.0 percent to CAD$91.67) reported the only double-digit RevPAR decreases for the week.
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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.
Categories: Market Reports
