Market Report Canada

Canadian Hotel Occupancy Up 3.6% to 67.5% For Week Ending 17 May 2014

Revenue per available room increases 5.3% to CAD$90.96

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 11-17 May 2014, according to data from STR.

In year-over-year comparisons, occupancy rose 3.6 percent to 67.5 percent, average daily rate was up 1.6 percent to CAD$134.74, and revenue per available room increased 5.3 percent to CAD$90.96.

Prince Edward Island experienced the largest increases in all three key performance metrics. Its occupancy rose 19.0 percent to 62.5 percent, its ADR was up 24.0 percent to CAD$120.09, and its RevPAR increased 47.5 percent to CAD$75.00.

The steepest occupancy decline was reported by Newfoundland and Labrador, where the metric fell 11.3 percent to 61.0 percent. Manitoba reported the largest ADR decline, down 1.6 percent to CAD$114.65.

British Columbia (+16.8 percent to CAD$98.63) was the only other province in addition to Prince Edward Island to report double-digit RevPAR growth. Newfoundland and Labrador was the only province to experience a double-digit RevPAR decline (-11.1 percent to CAD$87.04). 

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