Canadian hotel industry's average daily rate declines by 2.9 percent

Canada’s hotel industry reported decreases in the three key performance metrics for the week of 16-22 September 2012, according to data from STR. In year-over-year measurements, the country’s hotel occupancy fell 2.7 percent to 75.3 percent; its average daily rate declined 2.9 percent to CAD$135.29; and its revenue per available room was down 5.5 percent to CAD$101.91.

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