HENDERSONVILLE, Tennessee—The Canadian hotel industry reported positive results in the three key performance metrics for the week of 24-30 October 2010, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy was up 10.6 percent to 61.5 percent. Average daily rate increased 1.1 percent to CAD$124.34. Revenue per available room increased 11.6 percent to CAD$76.41.
Among the provinces, Newfoundland experienced the largest occupancy increase, rising 31.6 percent to 83.8 percent, followed by Saskatchewan with a 16.4-percent increase to 80.3 percent. Prince Edward Island posted the only occupancy decrease, falling 13.3 percent to 37.9 percent.
Newfoundland (+6.8 percent to CAD$132.89) and Manitoba (+6.1 percent to CAD$112.12) reported the largest ADR increases. Three provinces experienced ADR decreases for the week: Alberta (-5.4 percent to CAD$128.78); Prince Edward Island (-4.0 percent to CAD$82.30); and Newfoundland (-1.2 percent to CAD$116.83).
Four provinces reported RevPAR increases of more than 15 percent: Newfoundland (+40.4 percent to CAD$111.34); Saskatchewan (+21.1 percent to CAD$98.19); Quebec (+19.2 percent to CAD$83.81); and Ontario (+15.6 percent to CAD$75.35). Prince Edward Island reported the largest RevPAR decrease, falling 16.7 percent to CAD$31.21, followed by Alberta with a 4.9-percent decrease to CAD$75.65.
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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Rachael Spann Urie
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