HENDERSONVILLE, Tennessee—The Canadian hotel industry reported mixed results in the three key performance measurements during the week of 16-22 May 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 8.7 percent to 64.0 percent. Average daily rate decreased 1.3 percent to CAD$124.02. Revenue per available room for the week was up 7.3 percent to CAD$79.43.
New Brunswick reported the largest occupancy increase, rising 21.6 percent to 59.6 percent, followed by Manitoba (+19.6 percent to 71.9 percent) and Newfoundland (+17.0 percent to 69.4 percent). Two provinces experienced occupancy decreases: Prince Edward Island (-34.3 percent to 40.6 percent) and British Columbia (-2.3 percent to 64.3 percent).
Manitoba posted the largest ADR increase, rising 7.1 percent to CAD$113.98, followed by Newfoundland with a 4.2-percent increase to CAD$129.39. Two provinces reported ADR declines of more than 5 percent: Prince Edward Island (-7.9 percent to CAD$96.43) and British Columbia (-6.5 percent to CAD$132.10).
Four provinces experienced RevPAR increases of 20 percent or more: Manitoba (+28.0 percent to CAD$81.96); Newfoundland (+22.1 percent to CAD$89.82); New Brunswick (+21.5 percent to CAD$66.93); and Saskatchewan (+20.0 percent to CAD$90.02). Prince Edward Island posted the largest RevPAR decrease, falling 39.5 percent to CAD$39.13, followed by British Columbia with an 8.8-percent decrease to CAD$84.92.
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 Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.str.com.
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