Market Report Canada

Canadian Hotel Occupancy Up 3.5% to 76.6% For Week Ending 2 August 2014

Revenue per available room increases 7.5% to CAD$110.27

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 27 July through 2 August 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 3.5 percent to 76.6 percent; average daily rate was up 3.8 percent to CAD$143.97; and revenue per available room increased 7.5 percent to CAD$110.27.

Among the provinces, Manitoba reported the largest occupancy increase, up 11.8 percent to 68.1 percent. Newfoundland and Labrador reported the largest occupancy decrease of 4.7 percent, but the highest actual occupancy of 90.5 percent.

All provinces reported ADR increases. Quebec, up 8.7 percent to CAD$156.19, led the country in rate growth. The highest actual ADR (CAD$164.88) was reported by Newfoundland and Labrador, where rates increased 6.5 percent.

Quebec reported the highest RevPAR increase, up 17.4 percent to CAD$126.66. Nova Scotia was the only province to report a RevPAR loss, down 3.6 percent to CAD$96.53. 

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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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