Market Report Canada

Canadian Hotel Occupancy Up 0.8% to 59.0% For Week Ending 15 February 2014

Revenue per available room up 2.2% to CAD$76.89

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 9-15 February 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 0.8 percent to 59.0 percent; average daily rate was up 1.4 percent to CAD$130.32; and revenue per available room increased 2.2 percent to CAD$76.89.

Among the provinces, the largest occupancy increase was reported by Prince Edward Island, where occupancy grew 19.1 percent to 49.5 percent. Saskatchewan reported the only double-digit occupancy decrease, down 10.4 percent to 62.6 percent.

All provinces except New Brunswick (-1.3 percent to CAD$108.72) and Saskatchewan (-1.6 percent to CAD$133.01) reported ADR growth. The largest increase was experienced by Prince Edward Island, where rate grew 9.8 percent to CAD$106.59.

Prince Edward Island reported the largest RevPAR increase for the week, up 30.8 percent to CAD$52.72. The largest RevPAR decrease was reported by Saskatchewan, down 11.8 percent to CAD$83.28. 

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