HENDERSONVILLE, Tennessee—The Canadian hotel industry reported mostly positive results during the week of 1-7 August 2010, according to data released by STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy increased 1.7 percent to 73.2 percent. Average daily rate ended the week virtually flat with a 0.8-percent decrease to CAD$129.98. Revenue per available room for the week rose 1.0 percent to CAD$95.21.
Among the provinces, Newfoundland achieved the largest occupancy increase, rising 15.0 percent to 94.4 percent, followed by Quebec with a 7.6-percent increase to 80.8 percent. Two provinces posted occupancy decreases of more than 5 percent: Manitoba (-8.7 percent to 65.0 percent) and Saskatchewan (-6.4 percent to 70.3 percent).
Quebec experienced the largest ADR increase, rising 6.8 percent to CAD$142.65. Alberta (-6.6 percent to CAD$130.74) and New Brunswick (-6.4 percent to CAD$120.31) reported the largest ADR decreases.
Two provinces achieved double-digit RevPAR increases: Newfoundland (+17.2 percent to CAD$128.36) and Quebec (+14.9 percent to CAD$115.26). Saskatchewan experienced the largest RevPAR decrease, falling 9.1 percent to CAD$80.28, followed by Manitoba (-6.7 percent to CAD$70.33) and Alberta (-6.5 percent to CAD$81.10).
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 Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.str.com.
Media contacts:
Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann Urie
Communications Coordinator
rurie@str.com
+1 (615) 824-8664 ext. 3305
