STR Reports Canada Performance for Week Ending 31 October

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. November 09, 2009

NOVEMBER 6, 2009 - In year-over-year measurements, the industry's occupancy decreased 6.7 percent to 55.7 percent, ADR dropped 6.4 percent to CAD$122.77, and RevPAR decreased 12.6 percent to CAD$68.40.
The Canadian hotel industry posted declines in all three key performance measurements during the week of 25-31 October, according to data from STR.

In year-over-year measurements, the industry's occupancy decreased 6.7 percent to end the week at 55.7 percent. Average daily rate dropped 6.4 percent to finish the week at CAD$122.77. Revenue per available room for the week decreased 12.6 percent to finish at CAD$68.40.

Among the provinces, Prince Edward Island reported the largest increase in all three metrics. Occupancy jumped 12.9 percent to 43.7 percent, ADR was up 6.3 percent to CAD$85.72, and RevPAR rose 20.0 percent to CAD$37.45.

Along with Prince Edward Island, two other provinces posted occupancy increases: New Brunswick (+4.3 percent to 53.2 percent) and Nova Scotia (+2.4 percent to 51.7 percent). Newfoundland reported the largest occupancy decrease, falling 15.4 percent to 63.8 percent, followed by Alberta with a 13.9-percent decrease to 58.1 percent.

In addition to Prince Edward Island, Saskatchewan was the only other province to report an increase in ADR, which was up 4.4 percent to CAD$117.83. Ontario experienced the largest ADR decrease, falling 9.8 percent to CAD$119.32, followed by Quebec (-5.6 percent to CAD$128.84) and Newfoundland (-5.1 percent to CAD$124.40).

Four provinces posted double-digit RevPAR decreases: Newfoundland (-19.7 percent to CAD$79.34); Alberta (-17.1 percent to CAD$78.05); Ontario (-15.1 percent to CAD$65.43); and British Columbia (-11.8 percent to CAD$65.02).