STR Reports Canada Performance for Week Ending 1 May 2010
In year-over-year measurements, the industryÂ’s occupancy increased 3.3 percent to 63.0 percent. Average daily rate ended the week virtually flat with a 0.6- percent decrease to CAD$123.72. Revenue per available room for the week was up 2.6 percent to CAD$77.94.
The Canadian hotel industry reported mixed results in the three key performance measurements during the week of 25 April-1 May 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 3.3 percent to 63.0 percent. Average daily rate ended the week virtually flat with a 0.6- percent decrease to CAD$123.72. Revenue per available room for the week was up 2.6 percent to CAD$77.94.
Among the provinces, Newfoundland reported the largest increases in all three key performance metrics. The province’s occupancy rose 10.5 percent to 75.7 percent, ADR was up 11.7 percent to CAD$129.44, and RevPAR jumped 23.4 percent to CAD$97.99.
Two provinces, besides Newfoundland, ended the week with an occupancy increase of more than 5 percent: Quebec (+8.1 percent to 61.1 percent) and Ontario (+7.1 percent to 63.4 percent). Prince Edward Island posted the only double-digit occupancy decrease, falling 13.3 percent to 42.4 percent.
Nova Scotia reported the largest ADR decrease, falling 4.8 percent to CAD$113.13, followed by Alberta with a 3.1-percent decrease to CAD$130.59.
Three provinces, excluding Newfoundland, reported RevPAR increases of more than 5 percent: Quebec (+7.6 percent to CAD$76.87); Ontario (+6.3 percent to CAD$76.43); and Manitoba (+5.4 percent to CAD$75.80). Prince Edward Island experienced the largest RevPAR decrease, falling 14.4 percent to CAD$36.62.
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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.
