Group says record growth in accommodations sector in St. Johns

Staff ~ The Telegram
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Accommodation members of Destination St. John's have recorded record sales during the first quarter of 2010, it was announced today.
According to a news release, room night sales are up 9.6 per cent compared to the same period last year. From January to March of this year, members recorded 115,568 room nights sold, while over the same period last year 105,364 room nights were sold.
The average occupancy finished the quarter at 54.07 per cent, up 6.6 per cent over last year. Average room rates also climbed by $3.05, representing a 3 per cent increase in the rate.
The numbers are based on statistics submitted monthly to Destination St. John's by the 13 major hotels, which represent 84 per cent of the total commercial rooms in St. John's.
"The accommodations sector is a good measure of the strength of the economy in a region," Keith Healey, CEO of Destination St. John's, said.
"These numbers reflect a vibrant economy in a destination that has significant appeal to business and tourists alike. We look forward to another strong major conventions, meetings and events season for our members."

Geographic location: St. John's

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  • read between the lines
    July 02, 2010 - 13:23

    Quote: These numbers reflect a vibrant economy in a destination that has significant appeal to business and tourists alike.

    Let's take this into account when we read this article:

    A provincial sports tournament was cancelled last October due to the spread of H1N1 here in Newfoundland. It was rescheduled for (can't remember the exact date) Late January/Early February. For that time a large portion of St. John's was sold out for multiple nights as a direct result.

    This unexpected turn of events is partially the reason for the hike in rooms sold and shows that its not so much a trend we're experiencing, rather a random spike in accomodation sales. That being said the tournament is annual and will probably go ahead at the regular time again this year, so yes as it stands this will be a good year for hospitality properties and all others associated (restaurants, retailers etc.), but again, I'm doubtful if we can look at this as a trend as this article leads you to believe.

  • read between the lines
    July 01, 2010 - 20:07

    Quote: These numbers reflect a vibrant economy in a destination that has significant appeal to business and tourists alike.

    Let's take this into account when we read this article:

    A provincial sports tournament was cancelled last October due to the spread of H1N1 here in Newfoundland. It was rescheduled for (can't remember the exact date) Late January/Early February. For that time a large portion of St. John's was sold out for multiple nights as a direct result.

    This unexpected turn of events is partially the reason for the hike in rooms sold and shows that its not so much a trend we're experiencing, rather a random spike in accomodation sales. That being said the tournament is annual and will probably go ahead at the regular time again this year, so yes as it stands this will be a good year for hospitality properties and all others associated (restaurants, retailers etc.), but again, I'm doubtful if we can look at this as a trend as this article leads you to believe.