Market Report Canada

Canadian Hotel Occupancy Up 4.4% to 73.7% For Week Ending 28 June 2014

Revenue per available room increases 11.4% to CAD$105.26

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 22-28 June 2014, according to data from STR.

In year-over-year comparisons, occupancy rose 4.4 percent to 73.7 percent; average daily rate was up 6.7 percent to CAD$142.81; and revenue per available room increased 11.4 percent to CAD$105.26.

Among the provinces, Saskatchewan reported the only decline in occupancy, down 3.6 percent to 67.9 percent. All other provinces reported positive growth, led by Ontario where occupancy grew 7.2 percent to 74.0 percent.

Alberta reported the highest ADR growth for the week, up 12.0 percent to CAD$157.33. Apart from Manitoba (-1.5 percent to CAD$115.86), all other provinces experienced increases in ADR.

ADR growth in Saskatchewan was not enough to mitigate the occupancy loss, resulting in a 0.5-percent decrease in RevPAR to CAD$91.58. All other provinces reported RevPAR increases, led by Alberta (+16.6 percent to CAD$115.28) and Ontario (+16.1 percent to CAD$99.32). 

About STR

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.



Logos, product and company names mentioned are the property of their respective owners.