HENDERSONVILLE, Tennessee—The Canadian hotel industry posted declines in all three key performance measurements during the week of 4-10 October, according to data from STR.
In year-over-year measurements, the industry’s occupancy decreased 5.5 percent to end the week at 65.0 percent. Average daily rate dropped 5.1 percent to finish the week at CAD$123.28. Revenue per available room for the week decreased 10.3 percent to finish at CAD$80.15.
Among the provinces, Nova Scotia was the only province to not report an occupancy decrease, holding steady at 71.1 percent. Prince Edward Island reported the largest occupancy decrease, falling 19.8 percent to 54.4 percent, followed by Alberta with a 15.1-percent decrease to 61.5 percent.
Saskatchewan was the only province to post an ADR increase for the week, up 7.6 percent to CAD$119.91. Four provinces experienced ADR declines of more than 5 percent: Alberta (-9.0 percent to CAD$130.45); Prince Edward Island (-7.0 percent to CAD$89.55); British Columbia (-6.3 percent to CAD$119.91); and Quebec (-5.7 percent to CAD$139.69).
Saskatchewan posted a 4.9-percent increase in RevPAR to CAD$93.49—the only increase in that metric. Prince Edward Island experienced the largest decline in RevPAR, dropping 25.4 percent to CAD$48.69. Two other provinces reported double-digit RevPAR decreases: Alberta (-22.7 percent to CAD$80.26) and British Columbia (-13.8 percent to CAD$70.34).
About STR & STR Global:
For more than 20 years, Smith Travel Research, Inc. (STR) has been the recognized leader for hotel industry benchmarking and research. STR and STR Global offer monthly, weekly and daily STAR benchmarking reports to more than 38,000 hotel clients, representing over 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit www.strglobal.com or www.HotelNewsNow.com.
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