Market Report Canada

Canadian Hotel Occupancy Up 2.6% to 73.9% For Week Ending 14 June 2014

Revenue per available room increases 7.1% to CAD$108.35

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 8-14 June 2014, according to data from STR.

In year-over-year comparisons, occupancy rose 2.6 percent to 73.9 percent; average daily rate was up 4.4 percent to CAD$147.07; and revenue per available room increased 7.1 percent to CAD$108.75.

Among the provinces, Prince Edward Island reported the highest occupancy increase, up 27.6 percent to 64.6 percent. Ontario reported the second largest gain, up 5.4 percent to 74.6 percent. Saskatchewan experienced the steepest occupancy decline, down 9.9 percent to 67.3 percent.

Most provinces experienced ADR increases, with Prince Edward Island reporting the largest gain (+13.6 percent to CAD$135.14). Manitoba experienced the largest decline, down 1.5 percent to CAD$121.19.

The double-digit increases in occupancy and ADR for Prince Edward Island led to a 45.1-percent increase in RevPAR to CAD$87.30. RevPAR in Saskatchewan fell the most, down 10.5 percent to CAD$90.96. Manitoba was the only other province to experience a RevPAR decline, down 5.3 percent to CAD$89.44. 

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