STR Reports Canada Performance for Week Ending 21 August 2010

The Canadian hotel industry reported mostly positive results during the week of 15-21 August 2010, according to data released by STR.

In year-over-year measurements, the Canadian hotel industry’s occupancy was up 3.0 percent to 75.5 percent. Average daily rate ended the week virtually flat with a 0.2-percent increase to CAD$129.19. Revenue per available room for the week rose 3.1 percent to CAD$97.49.

Among the provinces, Quebec reported the largest occupancy increase, rising 6.8 percent to 78.8 percent, followed by British Columbia (+6.0 percent to 81.1 percent) and Newfoundland (+5.1 percent to 85.0 percent). Manitoba (-4.5 percent to 73.0 percent) and Saskatchewan (-3.9 percent to 78.4 percent) posted the largest occupancy decreases for the week.

British Columbia experienced the largest ADR and RevPAR increases. The province’s ADR rose 7.9 percent to CAD$151.79, and  its RevPAR jumped 14.4 percent to CAD$123.07.

Prince Edward Island reported the largest decreases in ADR (-12.5 percent to CAD$127.97) and RevPAR (-14.4 percent to CAD$109.61).

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. For more information, please visit www.str.com.


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