The Hotel News Now has posted stats for the week ending July second from their parent company; STR. BC and Alberta seem to be faring the best leading in RevPAR, a rise of 9.2 and 8.8 respectively over last year. And, they both shared top spots for ADR increases as well. Seems the Westcoast is the place to be if you're operating a hotel in Canada, according to STR. On the other coast, Newfoundland took the biggest hit with their Rev PAR falling 15.8% and their ADR decreased 6.5%! Tough go in Newfoundland.
Read on for the full report....
"The Canadian hotel industry reported mixed results in the three key performance metrics for the week of 26 June-2 July 2011, according to data from STR.
In year-over-year measurements, the Canadian hotel industry ended the week with a 5.0-percent increase in occupancy to 69.2 percent, a 0.5-percent decrease in average daily rate to CAD$130.29 and a 4.5-percent rise in revenue per available room to CAD$90.19.
Among the provinces, Alberta reported the largest occupancy increase, rising 9.2 percent to 64.2 percent, followed by British Columbia (+8.8 percent to 71.5 percent) and Manitoba (+8.3 percent to 66.2 percent). Newfoundland fell 9.9 percent to 78.0 percent, reporting the largest decrease in that metric.
British Columbia rose 4.1 percent in ADR to CAD$143.11, reporting the largest increase in that metric, followed by Alberta with a 3.4-percent increase to CAD$139.41. Prince Edward Island (-6.6 percent to CAD$118.30) and Newfoundland (-6.5 percent to CAD$136.30) reported the largest ADR decreases.
Two provinces achieved RevPAR increases of more than 10 percent: British Columbia (+13.3 percent to CAD$102.30) and Alberta (+13.0 percent to CAD$89.54). Newfoundland reported the only double-digit RevPAR decrease, falling 15.8 percent to CAD$106.33."
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