Canadian Hotels Occupancy Up 4.2% Week Ending 12 November 2011

The Canadian hotel industry reported increases in the three key performance metrics for the week of 6-12 November 2011, according to data from STR.

In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 4.2-percent increase to 60.7 percent, its average daily rate ended the week with a 2.1-percent increase to CAD$123.53, and its revenue per available room was up 6.4 percent to CAD$74.94.

Among the provinces, Nova Scotia rose 13.8 percent in occupancy, reporting the only double-digit increase in that metric, followed by Alberta with a 7.9-percent increase to 65.9 percent. Prince Edward Island experienced the largest occupancy decrease, falling 15.2 percent to 32.0 percent. 

Nova Scotia reported the largest ADR increase, rising 4.7 percent to CAD$109.80, followed by Alberta with a 3.2-percent increase to CAD$131.04. New Brunswick ended the week with the only ADR decrease, falling 2.0 percent to CAD$107.36.

Two provinces achieved double-digit RevPAR increases: Nova Scotia (+19.2 percent to CAD$57.85) and Alberta (+11.4 percent to CAD$86.38). Prince Edward Island (-13.1 percent to CAD$23.78) and New Brunswick (-7.5 percent to CAD$53.17) reported the largest 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.