Canada Results for Week Ending February 4th

The Canadian hotel industry reported positive results in the three key performance metrics for the week of 29 January-4 February 2012, according to data from STR.

In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 4.5-percent increase to 55.7 percent, its average daily rate rose 2.1 percent to CAD$123.58 and its revenue per available room was up 6.6 percent to CAD$68.84.

Among the provinces, New Brunswick reported the only double-digit occupancy increase, rising 10.4 percent to 51.3 percent. Manitoba posted the only occupancy decrease, falling 1.9 percent to 58.2 percent.

Prince Edward Island rose 6.2 percent in ADR to CAD$85.39, achieving the largest increase in that metric, followed by Alberta with a 3.7-percent increase to CAD$132.16. Quebec ended the week virtually flat with a 0.9-percent decrease to CAD$129.67.

Prince Edward Island jumped 15.9 percent in RevPAR to CAD$40.59, reporting the largest increase in that metric, followed by New Brunswick (+13.0 percent to CAD$57.41) and Alberta (+12.3 percent to CAD$79.33). None of the provinces experienced RevPAR decreases for the week.

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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