STR Reports Canada Performance for Week Ending 17 April 2010

The Canadian hotel industry reported increases in all three key performance measurements during the week of 11-17 April 2010, according to data from STR.

In year-over-year measurements, the industry’s occupancy was up 11.6 percent to 60.6 percent. Average daily rate rose 6.5 percent to CAD$126.07. Revenue per available room for the week increased 18.9 percent to CAD$76.38.

Among the provinces, Newfoundland reported the largest occupancy increase, rising 24.4 percent to 76.0 percent, followed by Ontario (+19.5 percent to 64.4 percent) and Saskatchewan (+13.9 percent to 71.4 percent). Three provinces posted occupancy decreases for the week: Prince Edward Island (-3.7 percent to 31.3 percent); Manitoba (-3.4 percent to 65.7 percent); and New Brunswick (-2.1 percent to 50.1 percent).

Newfoundland (+20.4 percent to CAD$130.06) and Ontario (+14.0 percent to CAD$130.09) reported the only double-digit ADR increases for the week. Quebec experienced the largest ADR decrease, falling 3.9 percent to CAD$120.05.

Newfoundland posted the largest RevPAR increase, rising 49.8 percent to CAD$98.84, followed by Ontario (+36.2 percent to CAD$83.77) and Saskatchewan (+19.6 percent to CAD$85.96). Two provinces experienced RevPAR decreases for the week: New Brunswick (-2.6 percent to CAD$54.07) and Quebec (-1.0 percent to CAD$65.73).

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 and HotelNewsNow.com. For more information, please visit www.str.com.