| STR: Canada hotel results week ending 27 Feb. |
|
05/03/2010 13:31 (708 Day 16:49 minutes ago) | |||||
|
The FINANCIAL -- The Canadian hotel industry reported increases in all three key performance measurements during the week of 21-27 February 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 3.4 percent to 58.4 percent. Average daily rate increased 13.2 percent to finish the week at CAD$140.65. Revenue per available room for the week rose 17.0 percent to CAD$82.16.
Among the provinces, British Columbia, which hosted the 2010 Winter Olympics from 12-28 February, experienced the largest increases in all three key metrics. The province’s occupancy rose 33.8 percent to 78.3 percent, ADR increased 94.4 percent to CAD$238.63, and RevPAR jumped 160.5 percent to CAD$186.85.
Other than British Columbia, New Brunswick was the only province to report a double-digit occupancy increase, rising 14.5 percent to 52.2 percent. Alberta posted the largest occupancy decrease, falling 12.6 percent to 54.2 percent, followed by Prince Edward Island (-5.4 percent to 35.3) and Newfoundland (-4.9 percent to 58.6 percent).
Three provinces reported ADR decreases of 5 percent or more: Alberta (-7.1 percent to CAD$128.11); Prince Edward Island (-6.5 percent to CAD$75.25); and Ontario (-5.6 percent to CAD$116.73).
New Brunswick experienced a large RevPAR increase, jumping 17.9 percent to CAD$58.22. Alberta posted the largest RevPAR decrease, falling 18.9 percent to CAD$69.41 percent, followed by Prince Edward Island (-11.4 percent to CAD$26.56) and Quebec (-6.4 percent to CAD$62.66).
|
|
|
