STR: Canada Results Week Ending 2 February 2013

HENDERSONVILLE, Tennessee -- The Canadian hotel industry experienced mixed results in the three key performance metrics during the week of 27 January-2 February 2013, according to data from STR.

In year-over-year comparisons, occupancy fell 0.6 percent to 55.1 percent, average daily rate rose 2.2 percent to CAD$126.77 and revenue per available room was up 1.5 percent to CAD$69.88.

Among the provinces, British Columbia rose 7.5 percent in occupancy to 51.8 percent, reporting the largest increase in that metric, followed by Newfoundland with a 4.7-percent increase to 59.1 percent. New Brunswick posted the largest occupancy decrease, falling 15.0 percent to 43.5 percent, followed by Quebec with a 10.2-percent decrease to 50.6 percent.

British Columbia (+9.8 percent to CAD$135.59) and Prince Edward Island (+9.4 percent to CAD$93.40) achieved the largest ADR increases for the week. New Brunswick fell 3.2 percent in ADR to CAD$108.35, reporting the largest decrease in that metric.

British Columbia jumped 18.0 percent in RevPAR to CAD$70.27, experiencing the largest increase in that metric, followed by Manitoba (+6.7 percent to CAD$68.62) and Newfoundland (+6.4 percent to CAD$73.37). Two provinces reported double-digit RevPAR decreases: New Brunswick (-17.8 percent to CAD$47.16) and Quebec (-12.9 percent to CAD$64.25).

About STR
STR (www.str.com) provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, global pipelines and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. STR also founded the Hotel Data Conference (www.Hoteldataconference.com).