Market Report Canada

Canadian Hotel Occupancy Up 6.2% to 68.6% For Week Ending 3 May 2014

Revenue per available room increases 8.9% to CAD$91.86

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 27 April through 3 May 2014, according to data from STR.

In year-over-year comparisons, occupancy rose 6.2 percent to 68.6 percent; average daily rate was up 2.5 percent to CAD$133.99; and revenue per available room increased 8.9 percent to CAD$91.86.

Among the provinces, Prince Edward Island reported the largest increases in all three metrics. The province's occupancy was up 28.3 percent to 42.9 percent; its ADR increased 14.8 percent to CAD$108.14; and its RevPAR jumped 47.3 percent to CAD$46.36.

Saskatchewan, meanwhile, reported the largest performance decreases, with a 4.6-percent drop in occupancy to 68.0 percent, a 2.8-percent dip in ADR to CAD$135.57 and a 7.3-percent decrease in RevPAR to CAD$92.19. 

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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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