Market Report Canada

Canadian Hotel Occupancy Drops 4.6% to 62.0% For Week Ending 26 April 2014

Revenue per available room Down 5.3% to CAD$78.95

Smith Travel Research The Canadian hotel industry reported decreases in the three key performance metrics during the week of 20-26 April 2014, according to data from STR.

In year-over-year comparisons, occupancy decreased 4.6 percent to 62.0 percent; average daily rate fell 0.7 percent to CAD$127.24; and revenue per available room decreased 5.3 percent to CAD$78.95.

All provinces except Prince Edward Island (+5.8 percent to 44.9 percent) experienced occupancy declines or remained flat. Occupancy in Saskatchewan experienced the largest decrease, falling 13.2 percent to 63.4 percent.

The greatest increase in ADR was reported by Newfoundland and Labrador, up 5.2 percent to CAD$136.58. The steepest decline was experienced by Quebec, where rates fell 4.5 percent to CAD$128.71.

All but three provinces experienced RevPAR declines, driven primarily by occupancy decreases. The largest RevPAR decrease was reported by Saskatchewan, falling 15.3 percent to CAD$83.97. The largest RevPAR gain was experienced by Prince Edward Island, up 6.6 percent to CAD$43.60. 

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