HENDERSONVILLE, Tennessee—The Canadian hotel industry reported positive results in the three key performance measurements during the week of 18-24 July 2010, according to data released by STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy increased 3.4 percent to 72.7 percent. Average daily rate ended the week up 1.3 percent to CAD$128.87. Revenue per available room for the week rose 4.8 percent to CAD$93.73.
Newfoundland achieved the largest increases in all three key performance metrics: Occupancy rose 20.7 percent to 95.1 percent, ADR was up 15.6 percent to CAD$144.40, and RevPAR soared 39.6 percent to CAD$137.30.
Manitoba was the only other province to report a double-digit occupancy increase, rising 17.6 percent to 81.6 percent. Prince Edward Island posted the largest occupancy decrease, falling 7.0 percent to 71.4 percent, followed by Saskatchewan with a 6.3-percent decrease to 73.1 percent.
Manitoba followed Newfoundland with the second highest ADR increase, rising 10.9 percent to CAD$115.96. Alberta (-4.6 percent to CAD$135.39) and Nova Scotia (-4.0 percent to CAD$120.96) posted the largest ADR decreases.
Excluding Newfoundland, Manitoba reported the only RevPAR increase of more than 20 percent, jumping 30.3 percent to CAD$94.58. Saskatchewan led the RevPAR decreases, falling 8.2 percent to CAD$84.35, followed by Prince Edward Island with a 6.2-percent decrease to CAD$92.64.
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.
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
Rachael Spann Urie
+1 (615) 824-8664 ext. 3305