Market Report Canada

Canadian Hotel Occupancy Up 1.1% to 73.0% For Week Ending 1 June 2014

Revenue per available room increases 2.6% to CAD$106.37

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 1-7 June 2014, according to data from STR.

In year-over-year comparisons, occupancy rose 1.1 percent 73.0 percent; average daily rate was up 1.4 percent to CAD$145.79; and revenue per available room increased 2.6 percent to CAD$106.37.

Among the provinces, Nova Scotia reported the largest occupancy increase, up 9.3 percent to 71.9 percent. Newfoundland and Labrador experienced the sharpest decrease in occupancy, down 15.8 percent to 75.3 percent.

Nova Scotia also led the provinces in ADR growth, up 9.2 percent to CAD$137.18. The steepest ADR decline was experienced by Manitoba, where rates fell 5.3 percent to CAD$116.21. The highest actual ADR, CAD$189.51, was reported by Quebec (an increase of 2.3 percent).

Newfoundland and Labrador, New Brunswick and Saskatchewan all experienced double-digit RevPAR declines. These were primarily driven by steep occupancy decreases, though also influenced by moderate ADR losses. Newfoundland and Labrador reported the largest decrease, down 18.5 percent to CAD$116.10. Conversely, Nova Scotia reported the highest RevPAR increase of all the provinces, up 19.4 percent to CAD$98.66. 

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