Canada Results for Week Ending June 2nd
In year-over-year measurements, the country’s occupancy fell 0.8 percent to 68.8 percent, its average daily rate was down 0.9 percent to CAD$132.40 and its revenue per available room reported a 1.7-percent decrease to CAD$91.11.
Canada’s hotel industry reported decreases in the three key performance metrics for the week of 27 May-2 June 2012, according to data from STR.
In year-over-year measurements, the country’s occupancy fell 0.8 percent to 68.8 percent, its average daily rate was down 0.9 percent to CAD$132.40 and its revenue per available room reported a 1.7-percent decrease to CAD$91.11.
Among the provinces, Newfoundland reported the only double-digit occupancy increase, rising 11.4 percent to 89.8 percent. British Columbia fell 13.0 percent in occupancy to 67.0 percent, posting the largest decrease in that metric.
Saskatchewan (+7.5 percent to CAD$136.16) and Newfoundland (+7.0 percent to CAD$152.60) experienced the largest ADR increases for the week. British Columbia reported the only double-digit ADR decrease, down 10.3 percent to CAD$138.47.
Three provinces achieved RevPAR increases of more than 10 percent: Newfoundland (+19.2 percent to CAD$137.04); Alberta (+10.5 percent to CAD$96.55); and Saskatchewan (+10.5 percent to CAD$103.76). British Columbia dropped 22.0 percent in RevPAR to CAD$92.76, reporting the largest decrease in that metric, followed by New Brunswick with a 13.5-percent decrease to CAD$64.37.
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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: Trends
