HENDERSONVILLE, Tennessee—The Canadian hotel industry reported positive results in the three key performance metrics for the week of 21-27 November 2010, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy was up 4.1 percent to 58.0 percent. Average daily rate increased 0.5 percent to CAD$120.63. Revenue per available room increased 4.6 percent to CAD$69.93.
Among the provinces, Newfoundland reported the largest occupancy increase, rising 18.3 percent to 76.8 percent, followed by Manitoba with a 12.5-percent increase to 70.4 percent. Three provinces posted occupancy decreases: New Brunswick (-9.3 percent to 52.9 percent); Prince Edward Island (-2.5 percent to 42.3 percent); and British Columbia (-0.6 percent to 50.4 percent).
Three provinces experienced ADR increases of more than 5 percent: Manitoba (+6.6 percent to CAD$114.19); Newfoundland (+5.9 percent to CAD$121.94); and Prince Edward Island (+5.3 percent to CAD$84.42). Alberta (-4.5 percent to CAD$131.43) and Nova Scotia (-0.3 percent to CAD$108.09) reported the only ADR decrease for the week.
Newfoundland achieved the largest RevPAR increase, rising 25.5 percent to CAD$93.68, followed by Manitoba with a 19.8-percent increase to CAD$80.35. Two provinces reported RevPAR decreases: New Brunswick (-9.1 percent to CAD$56.65) and Alberta (-0.2 percent to CAD79.60).
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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