In year-over-year measurements, the industry’s occupancy increased 3.8 percent to 56.9 percent. Average daily rate was up 3.4 percent to finish the week at CAD$125.91. Revenue per available room for the week jumped 7.5 percent to CAD$71.69.
The Canadian hotel industry reported increases in all three key performance measurements during the week of 7-13 March 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 3.8 percent to 56.9 percent. Average daily rate was up 3.4 percent to finish the week at CAD$125.91. Revenue per available room for the week jumped 7.5 percent to CAD$71.69.
Among the provinces, Nova Scotia reported the largest occupancy increase, rising 12.6 percent to 63.5 percent, followed by Ontario with an 8.8-percent increase to 56.7 percent. Newfoundland was the only province to end the week with a double-digit occupancy decrease, falling 10.4 percent to 57.1 percent.
Four provinces experienced ADR increases of 5 percent or more: Nova Scotia (+8.5 percent to CAD$119.47); Ontario (+7.1 percent to CAD$128.38); Newfoundland (+6.8 percent to CAD$117.58); and British Columbia (+5.8 percent to CAD$129.78). Alberta posted the largest ADR decrease, falling 4.5 percent to CAD$128.70.
Nova Scotia jumped 22.2 percent in RevPAR to CAD$75.84, reporting the largest increase in that metric. Ontario increased 16.6 percent to CAD$72.74 reporting the only other double-digit RevPAR increase. Three markets experienced RevPAR decreases: Alberta (-8.0 percent to CAD$75.64); New Brunswick (-5.3 percent to CAD$51.96); and Newfoundland (-4.2 percent to CAD$67.19).
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