In year-over-year measurements, the Canadian hotel industry’s occupancy increased 5.1 percent to 69.9 percent. Average daily rate ended the week virtually flat with a 0.8-percent decrease to CAD$129.15. Revenue per available room for the week rose 4.3 percent to CAD$90.33.
The Canadian hotel industry reported mostly positive results in the three key performance measurements during the week of 4-10 July 2010, according to data released by STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy increased 5.1 percent to 69.9 percent. Average daily rate ended the week virtually flat with a 0.8-percent decrease to CAD$129.15. Revenue per available room for the week rose 4.3 percent to CAD$90.33.
Two provinces achieved double-digit occupancy increases: Ontario (+13.8 percent to 70.2 percent) and Prince Edward Island (+10.6 percent to 79.4 percent). Nova Scotia posted the largest occupancy decrease, falling 9.2 percent to 70.9 percent, followed by Alberta with a 4.1-percent decrease to 65.8 percent.
Newfoundland experienced a 6.8-percent increase in ADR to CAD$139.66, the largest in that metric, followed by Ontario (+4.2 percent to CAD$122.11) and Prince Edward Island (+3.7 percent to CAD$133.93). Two provinces reported double-digit ADR decreases: Alberta (-12.8 percent to CAD$140.77) and Nova Scotia (-10.5 percent to CAD$116.24).
Three provinces achieved double-digit RevPAR increases: Ontario (+18.4 percent to CAD$85.70); Newfoundland (+16.0 percent to CAD$122.96); and Prince Edward Island (+14.8 percent to CAD$106.39). Nova Scotia fell 18.8 percent to CAD$82.37, reporting the largest decrease in that metric, followed by Alberta with a 16.3-percent decrease to CAD$92.62.
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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.
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