| STR reports Canada performance for week ending 20 February |
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26/02/2010 13:18 (716 Day 00:41 minutes ago) | |||||
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The FINANCIAL -- The Canadian hotel industry reported increases in all three key performance measurements during the week of 14-20 February 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 1.8 percent to 57.4 percent. Average daily rate increased 13.7 percent to finish the week at CAD$139.06. Revenue per available room for the week rose 15.7 percent to CAD$79.81.
Among the provinces, British Columbia, which is hosting the 2010 Winter Olympics from 12-28 February, experienced the largest increases in all three key metrics. The province’s occupancy rose 32.4 percent to 77.6 percent, ADR increased 87.5 percent to CAD$232.14, and RevPAR jumped 148.4 percent to CAD$180.11.
Two other provinces, besides British Columbia posted occupancy increases of more than 5 percent: Saskatchewan (+7.2 percent to 66.9 percent) and Prince Edward Island (+6.3 percent to 44.2 percent). Nova Scotia led the occupancy decreases, falling 12.1 percent to 46.7 percent, followed by Alberta with an 11.6-percent decrease to 54.3 percent.
Alberta reported the largest ADR decrease, falling 7.0 percent to CAD$125.50, followed by New Brunswick (-5.0 percent to CAD$107.61) and Ontario (-4.7 percent to CAD$113.97).
Saskatchewan was the only province besides British Columbia to experience a double-digit RevPAR increase, rising 12.4 percent to CAD$78.69. Three provinces reported RevPAR decreases of more than 10 percent: Alberta (-17.8 percent to CAD$68.10); New Brunswick (-13.1 percent to CAD$52.17); and Nova Scotia (-12.5 percent to CAD$49.52).
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