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January 9, 2011

Canadian Hotels Record Mixed Results

The Canadian hotel industry reported mixed results in three key performance metrics for the week beginning 26 December 2010, according to a new report by STR Global. The report says occupancy during the week increased 4.3% to 41.3% year on year, while the average daily rate fe

By cms admin

The Canadian hotel industry reported mixed results in three key performance metrics for the week beginning 26 December 2010, according to a new report by STR Global.

The report says occupancy during the week increased 4.3% to 41.3% year on year, while the average daily rate fell 1.6% to C$118.87 ($119.38) and revenue per available room (revPAR) increased 2.4% to C$49.05 ($49).

Among the Canadian provinces Manitoba achieved the largest occupancy increase, rising 23.5% to 44.7%.

Prince Edward Island recorded the largest ADR increase of 5.8% to C$64.86 ($65), followed by Newfoundland, which was up by 4.5% and Nova Scotia by 3.7%.

In terms of revPAR, Manitoba grew 23.7% to C$45.58 ($46), reporting the largest increase in revPAR.

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