Market Report Canada

Canadian Hotel Occupancy Up 2.7% to 60.9% For Week Ending 1 March 2014

Revenue per available room increases 4.7% to CAD$79.80

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 23 February through 1 March 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 2.7 percent to 60.9 percent; average daily rate was up 1.9 percent to CAD$130.99; and revenue per available room increased 4.7 percent to CAD$79.80.

Occupancy results were mixed among the provinces, with Quebec reporting the only double-digit increase (+12.2 percent to 59.5 percent) and Newfoundland and Labrador reporting the largest decrease (-21.0 percent to 57.4 percent).

All provinces reported ADR increases. The largest increases were reported in British Columbia (+3.9 percent to CAD$132.99), Nova Scotia (+3.6 percent to CAD$116.64) and Prince Edward Island (+3.6 percent to CAD$97.74).

Quebec experienced the largest RevPAR increase (largely driven by occupancy), up 15.7 percent to CAD$77.69. The largest RevPAR decrease for the week was reported by Newfoundland and Labrador, down 20.4 percent to CAD$75.87. 

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