HENDERSONVILLE, Tennessee—The Canadian hotel industry reported positive results during the week of 22-28 August 2010, according to data released by STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy was up 6.6 percent to 74.6 percent. Average daily rate increased 1.4 percent to CAD$129.11. Revenue per available room for the week rose 8.0 percent to CAD$96.34.
Among the provinces, Ontario was the only one to report a double-digit occupancy increase, rising 12.3 percent to 74.7 percent, followed by Quebec with an 8.9-percent increase to 79.4 percent. Two provinces posted occupancy decreases of more than 5 percent: Prince Edward Island (-9.7 percent to 71.9 percent) and Newfoundland (-8.3 percent to 82.8 percent).
Ontario experienced the largest ADR increase, up 6.9 percent to CAD$123.94, followed by Manitoba (+5.9 percent to CAD$109.98) and Quebec (+5.4 percent to CAD$141.18). Prince Edward Island (-16.9 percent to CAD$126.71) and Newfoundland (-11.5 percent to CAD$128.82) reported the largest ADR decreases for the week.
Three provinces posted double-digit RevPAR increases: Ontario (+20.0 percent to CAD$92.53); Quebec (+14.8 percent to CAD$112.08); and Manitoba (+14.4 percent to CAD$80.51). Prince Edward Island experienced the largest RevPAR decrease, falling 24.8 percent to CAD$91.16, followed by Newfoundland with an 18.9-percent decrease to CAD$106.72.
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.
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