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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STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC and HotelNewsNow.com. For more information, please visit www.str.com.



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