STR posts Canada results for week ending 16 May 2009
The Canadian hotel industry posted decreases in all three key performance measurements during the week of 10-16 May, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 11.2 percent to end the week at 61.1 percent. Average daily rate dropped 8.8 percent to finish the week at CAD$124.96. Revenue per available room for the week decreased 19.0 percent to finish at CAD$76.41.
The Canadian hotel industry posted decreases in all three key performance measurements during the week of 10-16 May, according to data from STR.
In year-over-year measurements, the industry’s occupancy fell 11.2 percent to end the week at 61.1 percent. Average daily rate dropped 8.8 percent to finish the week at CAD$124.96. Revenue per available room for the week decreased 19.0 percent to finish at CAD$76.41.
Of the provinces, Prince Edward Island and Manitoba were the only two to post increases in each of the three key performance metrics. Prince Edward Island recorded a 5.9-percent increase in occupancy (to 50.0 percent), an 8.8-percent jump in ADR (to CAD$92.10) and a 15.3-percent bump in RevPAR (to CAD$46.04)—the largest increases in each measurement.
British Columbia led declines in two of the three metrics, posting a 15.7-percent drop in occupancy (to 61.8 percent) and a 24.0-percent decline in RevPAR (to CAD$84.28). Ontario recorded the largest decrease in ADR, which was down 11.1 percent to CAD$120.05.