STR Reports Canada Performance for Week Ending 24 April 2010
In year-over-year measurements, the industrys occupancy ended the week virtually flat with a 0.5- percent decrease to 61.4 percent. Average daily rate rose 1.2 percent to CAD$124.06. Revenue per available room for the week increased 0.8 percent to CAD$76.20.
The Canadian hotel industry reported mixed results in the three key performance measurements during the week of 18-24 April 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy ended the week virtually flat with a 0.5- percent decrease to 61.4 percent. Average daily rate rose 1.2 percent to CAD$124.06. Revenue per available room for the week increased 0.8 percent to CAD$76.20.
Newfoundland reported the largest increases in all three key performance metrics for the week. The province’s occupancy rose 25.3 percent to 75.2 percent, ADR was up 10.4 percent to CAD$123.52, and RevPAR jumped 38.3 percent to CAD$92.93.
Besides Newfoundland, three provinces posted occupancy increases: New Brunswick (+6.6 percent to 59.7 percent); Quebec (+4.9 percent to 60.3 percent); and Ontario (+3.3 percent to 63.1 percent). Manitoba experienced the largest occupancy decrease, falling 8.6 to 67.7 percent, followed by Alberta (-7.8 percent to 57.6 percent) and British Columbia (-7.5 percent to 58.3 percent).
Ontario ended the week with a 3.0-percent ADR increase to CAD$124.19. Four provinces reported ADR decreases for the week: New Brunswick (-3.0 percent to CAD107.54); Alberta (-2.3 percent to CAD$131.50); Nova Scotia (-1.2 percent to CAD112.57); and Quebec (-0.2 percent to CAD$125.79).
Ontario (+6.5 percent to CAD$78.40) was the only market, besides Newfoundland, to report a RevPAR increase of more than 5 percent. Alberta posted the largest RevPAR decrease, dropping 9.9 percent to CAD$75.78, followed by Manitoba (-6.9 percent to CAD$74.65) and British Columbia (-6.6 percent to CAD$72.54).
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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 and HotelNewsNow.com. For more information, please visit www.str.com.
