STR Reports Canada Performance for Week Ending 5 December
In year-over-year measurements, the industry's occupancy decreased 5.4 percent to end the week at 55.8 percent. Average daily rate dropped 3.5 percent to finish the week at CAD$119.41. Revenue per available room for the week decreased 8.7 percent to finish at CAD$66.61.
The Canadian hotel industry posted declines in all three key performance measurements during the week of 29 November-5 December, according to data from STR.
In year-over-year measurements, the industry's occupancy decreased 5.4 percent to end the week at 55.8 percent. Average daily rate dropped 3.5 percent to finish the week at CAD$119.41. Revenue per available room for the week decreased 8.7 percent to finish at CAD$66.61.
Among the provinces, Newfoundland reported the largest occupancy increase, up 9.5 percent to 63.2 percent, followed by New Brunswick (+6.1 percent to 53.6 percent) and Prince Edward Island (+5.3 percent to 33.6 percent). Two provinces posted double-digit occupancy decreases: Saskatchewan (-13.8 percent to 70.1 percent) and Alberta (-11.1 percent to 59.4 percent).
Prince Edward Island experienced the only double-digit ADR increase, jumping 10.7 percent to CAD$76.68. Ontario reported the largest ADR decrease, falling 4.7 percent to CAD$118.48, followed by Alberta with a 4.1-percent decrease to CAD$132.58.
Two provinces posted double-digit RevPAR increases: Prince Edward Island (+16.5 percent to CAD$25.75) and Newfoundland (+13.3 percent to CAD$73.83). Four provinces experienced RevPAR decreases of more than 10 percent: Alberta (-14.8 percent to CAD$78.70); Saskatchewan (-12.2 percent to CAD$81.67); British Columbia (-11.6 percent to CAD$55.38); and Nova Scotia (-10.1 percent to CAD$51.73).
About STR & STR Global For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.
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