Market Report Canada

Canadian Hotel Occupancy Up 1.5% to 65.9% For Week Ending 24 May 2014

Revenue per available room increases 3.0% to CAD$89.41

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 18-24 May 2014, according to data from STR.

In year-over-year comparisons, occupancy rose 1.5 percent to 65.9 percent; average daily rate was up 1.5 percent to CAD$135.73; and revenue per available room increased 3.0 percent to CAD$89.41.

Ontario reported the largest occupancy increase among the provinces, rising 6.0 percent to 67.1 percent. Nova Scotia followed with a 5.3-percent increase to 62.7 percent. Newfoundland and Labrador fell 18.0 percent in occupancy to 60.3 percent, posting the largest decrease in that metric.

Nova Scotia experienced the largest increase in both ADR (+6.1 percent to CAD$125.65) and RevPAR (+11.8 percent to CAD$78.78).

Prince Edward Island fell 9.9 percent in ADR to CAD$113.64, reporting the largest decrease in that metric.

Newfoundland and Labrador (-17.6 percent to CAD$90.60) and Saskatchewan (-14.3 percent to CAD$81.93) reported the largest RevPAR decreases. 

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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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