Market Report Canada

Canadian Hotel Occupancy Drops 0.9% to 59.5% For Week Ending 22 February 2014

Revenue per available room down 0.4% to CAD$75.93

Smith Travel Research The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 16-22 February, according to data from STR.

In year-over-year comparisons, occupancy fell 0.9 percent to 59.5 percent; average daily rate was up 0.5 percent to CAD$127.58; and revenue per available room fell 0.4 percent to CAD$75.93.

Among the provinces, Prince Edward Island jumped 31.0 percent in occupancy to 49.9 percent, achieving the largest increase in that metric. The market also topped the RevPAR increases, rising 28.0 percent to CAD$46.51.

Newfoundland and Labrador fell 27.7 percent in occupancy to 49.3 percent, posting the largest decrease in that metric.

Quebec (+3.4 percent to CAD$135.27) and Newfoundland and Labrador (+1.6 percent to CAD$129.31) reported the largest ADR increases. Prince Edward Island posted the largest ADR decline, falling 2.3 percent to CAD$93.23.

Newfoundland and Labrador experienced the steepest RevPAR decrease, falling 26.6 percent to CAD$63.76.

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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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