Market Report Canada

Canadian Hotel Occupancy Up 3.4% to 75.0% For Week Ending 21 June 2014

Revenue per available room increases 7.5% to CAD$107.17

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 15-21 June 2014, according to data from STR.

In year-over-year comparisons, occupancy rose 3.4 percent 75.0 percent; average daily rate was up 3.9 percent to CAD$142.88; and revenue per available room increased 7.5 percent to CAD$107.17.

Both Prince Edward Island (+14.0 percent to 73.0 percent) and Quebec (+10.9 percent to 79.5 percent) achieved double-digit occupancy increases. The steepest occupancy decline was reported by Nova Scotia (-6.4 percent to 67.8 percent).

ADR was the primary driver of RevPAR growth in Canada this week; all provinces apart from Manitoba (-2.4 percent to CAD$120.07) reported rate growth. The highest increase was reported by Prince Edward Island, where ADR grew 12.0 percent to CAD$143.91.

Both occupancy and ADR growth contributed to the 27.7-percent increase in RevPAR to CAD$105.06 for Prince Edward Island. Manitoba experienced the steepest RevPAR decline, down 7.2 percent to CAD$86.05. 

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