Market Report Canada

Canadian Hotel Occupancy Up 3.6% to 40.2% For Week Ending 4 January 2014

Revenue per available room increases 7.2% to CAD$54.37

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 29 December 2013 through 4 January 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 3.6 percent to 40.2 percent; average daily rate was up 3.5 percent to CAD$135.14; and revenue per available room increased 7.2 percent to CAD$54.37.

Among the provinces, Prince Edward Island reported the highest occupancy growth, up 40.3 percent to 24.6 percent. Saskatchewan reported the largest occupancy decline, down 18.3 percent to 33.5 percent.

The highest ADR increase was experienced by Prince Edward Island, where rate grew 16.8 percent to CAD$87.53. Three provinces reported ADR declines; Newfoundland and Labrador experienced the greatest loss, down 2.5 percent to CAD$128.75.

Prince Edward Island (+63.8 percent to CAD$21.53) and British Columbia (+20.2 percent to CAD$76.23) reported double-digit RevPAR increases for the week. The largest decline was experienced by Saskatchewan, where RevPAR fell 15.6 percent to CAD$43.22. 

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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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