HENDERSONVILLE, Tennessee—The Canadian hotel industry reported mostly positive results in the three key performance metrics for the week of 10-16 October 2010, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy was up 4.4 percent to 62.1 percent. Average daily rate ended the week virtually flat with a 0.1-percent decrease to CAD$124.45. Revenue per available room increased 4.4 percent to CAD$77.34.
Among the provinces, Prince Edward Island experienced the largest occupancy increase, rising 12.8 percent to 58.1 percent, followed by British Columbia with a 10.2-percent increase to 58.5 percent. Manitoba reported the only occupancy decrease, falling 3.9 percent to 63.7 percent.
British Columbia posted the only ADR increase of more than 5 percent, rising 8.3 percent to CAD$131.42, followed by Manitoba with a 4.3-percent increase to CAD$111.61. Three provinces reported ADR decreases: Alberta (-4.3 percent to CAD$126.76); Ontario (-1.5 percent to CAD$120.12); and Quebec (-1.4 percent to CAD$136.24).
Two provinces experienced double-digit RevPAR increases: British Columbia (+19.3 percent to CAD$76.87) and Prince Edward Island (+11.9 percent to CAD$51.12). Alberta posted the only RevPAR decrease, falling 2.2 percent to CAD$72.20.
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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