HENDERSONVILLE, Tennessee—The Canadian hotel industry reported positive results in the three key performance metrics for the week of 14-20 November 2010, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy was up 5.7 percent to 63.2 percent. Average daily rate increased 1.4 percent to CAD$123.41. Revenue per available room increased 7.3 percent to CAD$78.00.
Among the provinces, Quebec reported the largest occupancy increase, rising 16.5 percent to 63.6 percent, followed by Manitoba with an 8.3-percent increase to 75.7 percent. Nova Scotia (-10.9 percent to 56.5 percent) and Prince Edward Island (-6.8 percent to 38.2 percent) posted the largest occupancy decreases for the week.
Quebec rose 5.3 percent in ADR to CAD$130.23, reporting the largest increase in that metric. Three provinces experienced ADR decreases: Prince Edward Island (-7.7 percent to CAD$71.92); Nova Scotia (-7.2 percent to CAD$107.80); and Alberta (-1.0 percent to CAD$130.89).
Quebec jumped 22.6 percent in RevPAR to CAD$82.80, reporting the largest increase in that metric, followed by Manitoba with an 11.1-percent increase to CAD$85.21. Two provinces reported double-digit RevPAR decreases: Nova Scotia (-17.3 percent to CAD$60.93) and Prince Edward Island (-14.0 percent to CAD$27.47).
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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