Market Report Canada

Canadian Hotel Occupancy Up 1.1% to 75.4% For Week Ending 19 July 2014

Revenue per available room increases 5.0% to CAD$107.29

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 13-19 July 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 1.1 percent to 75.4 percent; average daily rate was up 3.9 percent to CAD$142.24; and revenue per available room increased 5.0 percent to CAD$107.29.

Among the provinces, Prince Edward Island achieved the largest occupancy increase, up 12.8 percent to 86.4 percent. Saskatchewan ended the week at a 7.6-percent loss to 71.2 percent, the largest decline in that metric.

All provinces except Manitoba (-0.7 percent to CAD$112.46) experienced ADR increases. Newfoundland and Labrador reported the most growth, up 6.9 percent to CAD$161.24. This was also the highest actual ADR for the week.

Prince Edward Island (+17.8 percent to CAD$124.58) and Quebec (+13.7 percent to CAD$112.85) reported the greatest RevPAR increases, driven primarily by occupancy growth. Despite ADR gains, Saskatchewan (-4.9 percent to CAD$95.08) and Alberta (-1.7 percent to CAD$114.47) were unable to command RevPAR growth. 

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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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