Market Report Canada

Canadian Hotel Occupancy Up 9.1% to 40.4% For Week Ending 28 December 2013

Revenue per available room increases 8.2% to CAD$51.31

Smith Travel Research The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 22-28 December 2013, according to data from STR.

In year-over-year comparisons, occupancy increased 9.1 percent to 40.4 percent; average daily rate was down 0.8 percent to CAD$126.89; and revenue per available room increased 8.2 percent to CAD$51.31.

Among the provinces, Ontario reported the highest occupancy growth, up 25.9 percent to 46.4 percent. The steepest decline was reported by Prince Edward Island, where occupancy fell 25.0 percent to 14.6 percent.

The highest ADR increase was experienced by Ontario, where rate grew 6.8 percent to CAD$108.84. The largest decline in ADR was reported by Alberta, down 6.2 percent to CAD$139.98.

Ontario (+34.4 percent to CAD$50.52) reported the largest RevPAR gain for the week. This increase was large enough to offset losses in other provinces, such as Prince Edward Island (-25.3 percent to CAD$9.72), leading to a RevPAR gain for Canada as a whole.

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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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