Market Report Canada

Canadian Hotel Occupancy Drops 5.1% to 58.8% For Week Ending 30 November 2013

Revenue per available room down 5.74% to CAD$74.52

Smith Travel Research The Canadian hotel industry reported decreases in the three key performance metrics during the week of 24-30 November 2013, according to data from STR.

In year-over-year comparisons, occupancy decreased 5.1 percent to 58.8 percent; average daily rate was down 0.7 percent to CAD$126.77; and revenue per available room decreased 5.7 percent to CAD$74.52.

Among the provinces, only New Brunswick reported an occupancy increase, up 1.9 percent to 50.7 percent. All other provinces experienced occupancy decreases; the largest was reported by Prince Edward Island (-28.4 percent to 32.1 percent).

Saskatchewan reported the largest ADR increase for the week, up 6.2 percent to CAD$138.68. Ontario experienced the largest decline, down 4.2 percent to CAD$122.59.

The largest RevPAR increase for the week was reported by Saskatchewan, where RevPAR increased 4.8 percent to CAD$99.55. Significant declines in RevPAR were experienced by several provinces, including Prince Edward Island (-31.0 percent to CAD$28.97) and Ontario (-12.3 percent to CAD$71.10).

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