Market Report Canada

Canadian Hotel Occupancy Up 5.4% to 67.8% For Week Ending 10 May 2014

Revenue per available room increases 8.5% to CAD$93.08

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 4-10 May 2014, according to data from STR.

In year-over-year comparisons, occupancy rose 5.4 percent to 67.8 percent; average daily rate was up 2.9 percent to CAD$137.22; and revenue per available room increased 8.5 percent to CAD$93.08.

Prince Edward Island reported the highest occupancy increase, up 38.0 percent to 57.0 percent. Newfoundland and Labrador reported the steepest decline, down 10.0 percent to 69.5 percent.

Most provinces reported ADR increases. Prince Edward Island was the leader in this metric as well, up 29.8 percent to CAD$122.11. The largest decline in ADR was experienced by Manitoba, down 2.6 percent to CAD$117.23.

Double-digit increases in both occupancy and ADR led to a 79.1-percent RevPAR increase to CAD$69.64 for Prince Edward Island. The steepest RevPAR decline was reported by Newfoundland and Labrador, down 10.1 percent to CAD$100.78. 

About STR

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.



Logos, product and company names mentioned are the property of their respective owners.