Market Report Canada

Canadian Hotel Occupancy Up 2.2% to 77.3% For Week Ending 26 July 2014

Revenue per available room increases 5.9% to CAD$110.30

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 20-26 July 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 2.2 percent to 77.3 percent; average daily rate was up 3.7 percent to CAD$142.63; and revenue per available room increased 5.9 percent to CAD$110.30.

Among the provinces, Saskatchewan reported the largest occupancy growth, up 11.3 percent to 76.7 percent. Newfoundland and Labrador (-6.5 percent to 85.4 percent) and Nova Scotia (-4.0 percent to 72.8 percent) were the only provinces to experience occupancy declines.

All provinces reported ADR growth for the week. Saskatchewan reported the highest increase, up 8.5 percent to CAD$139.11. The highest actual ADR of CAD$162.48 was reported by British Columbia, an increase of 3.8 percent.

Nova Scotia (-3.2 percent to CAD$90.84) and Newfoundland and Labrador (-2.9 percent to CAD$134.90) were unable to post RevPAR gains despite increases in ADR. By contrast, Saskatchewan reported a RevPAR increase of 20.8 percent (to CAD$106.71), the largest gain among the provinces. 

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